Usio (NASDAQ:USIO) Trading Down 2.6%

Usio, Inc. (NASDAQ:USIOGet Free Report) shares were down 2.6% during trading on Monday . The stock traded as low as $1.45 and last traded at $1.49. Approximately 16,580 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 30,201 shares. The stock had previously closed at $1.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on USIO shares. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Usio in a research report on Friday, May 17th. Litchfield Hills Research started coverage on Usio in a research report on Wednesday, June 5th. They set a “buy” rating and a $6.00 target price for the company.

Get Our Latest Analysis on USIO

Usio Stock Down 2.6 %

The company has a 50-day simple moving average of $1.55 and a 200-day simple moving average of $1.62. The firm has a market cap of $39.38 million, a PE ratio of -37.25 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.10.

Usio (NASDAQ:USIOGet Free Report) last announced its earnings results on Wednesday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Usio had a negative net margin of 0.91% and a negative return on equity of 4.91%. The business had revenue of $20.32 million for the quarter, compared to analysts’ expectations of $22.99 million. Analysts expect that Usio, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Usio

Institutional investors and hedge funds have recently modified their holdings of the stock. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Usio during the first quarter worth $34,000. Perritt Capital Management Inc. lifted its holdings in Usio by 3.7% during the fourth quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock worth $482,000 after buying an additional 10,000 shares during the period. Finally, Perkins Capital Management Inc. lifted its holdings in Usio by 3.5% during the fourth quarter. Perkins Capital Management Inc. now owns 1,040,693 shares of the company’s stock worth $1,790,000 after buying an additional 35,500 shares during the period. Institutional investors own 20.23% of the company’s stock.

Usio Company Profile

(Get Free Report)

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.

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