Usio (NASDAQ:USIO) Trading 1.1% Higher – Here’s Why

Usio Inc (NASDAQ:USIO)’s share price traded up 1.1% during trading on Friday . The company traded as high as $1.85 and last traded at $1.78. 83,122 shares traded hands during trading, a decline of 41% from the average session volume of 140,992 shares. The stock had previously closed at $1.76.

Wall Street Analysts Forecast Growth

USIO has been the subject of a number of recent research reports. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Usio in a research report on Thursday, March 27th. Wall Street Zen downgraded Usio from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Barrington Research downgraded Usio from a “hold” rating to a “strong sell” rating in a research report on Friday, June 6th.

Usio Stock Up 1.1%

The company has a market cap of $47.19 million, a P/E ratio of 16.18 and a beta of 1.49. The company has a 50 day moving average of $1.50 and a 200-day moving average of $1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.12 and a quick ratio of 1.11.

Usio (NASDAQ:USIO) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $22.01 million for the quarter, compared to the consensus estimate of $22.05 million. Usio had a net margin of 3.95% and a return on equity of 0.74%. On average, equities analysts predict that Usio Inc will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Usio

Several hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in shares of Usio in the 1st quarter valued at about $33,000. Perritt Capital Management Inc lifted its stake in shares of Usio by 2.1% in the 4th quarter. Perritt Capital Management Inc now owns 478,200 shares of the company’s stock valued at $698,000 after acquiring an additional 10,000 shares during the last quarter. Perkins Capital Management Inc. lifted its stake in shares of Usio by 1.4% in the 4th quarter. Perkins Capital Management Inc. now owns 995,693 shares of the company’s stock valued at $1,454,000 after acquiring an additional 13,500 shares during the last quarter. Integrity Wealth Advisors Inc. bought a new stake in shares of Usio in the 4th quarter valued at about $139,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Usio by 25.5% in the 4th quarter. Renaissance Technologies LLC now owns 479,383 shares of the company’s stock valued at $700,000 after acquiring an additional 97,442 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.

Usio Company Profile

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.