Usio (NASDAQ:USIO) Cut to “Sell (D+)” at Weiss Ratings

Weiss Ratings lowered shares of Usio (NASDAQ:USIO) from a hold (c-) rating to a sell (d+) rating in a research report released on Friday morning,Weiss Ratings reports.

Usio Stock Down 1.4%

Shares of NASDAQ:USIO opened at $1.44 on Friday. The company has a market capitalization of $38.16 million, a PE ratio of 14.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $1.45 and a two-hundred day moving average price of $1.51. Usio has a 1 year low of $1.24 and a 1 year high of $2.92.

Usio (NASDAQ:USIO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $19.96 million during the quarter, compared to the consensus estimate of $22.41 million. Usio had a negative return on equity of 1.63% and a net margin of 3.43%. Analysts forecast that Usio will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd grew its stake in shares of Usio by 105.8% during the 1st quarter. XTX Topco Ltd now owns 26,890 shares of the company’s stock worth $39,000 after acquiring an additional 13,826 shares during the period. Osaic Holdings Inc. grew its stake in shares of Usio by 246.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after acquiring an additional 20,161 shares during the period. Ritholtz Wealth Management grew its stake in shares of Usio by 36.8% during the 2nd quarter. Ritholtz Wealth Management now owns 31,370 shares of the company’s stock worth $48,000 after acquiring an additional 8,442 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Usio by 34.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after acquiring an additional 15,334 shares during the period. 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.