Usio (NASDAQ:USIO) Trading Up 0.7% – Still a Buy?

Usio Inc (NASDAQ:USIO) shares traded up 0.7% during mid-day trading on Wednesday . The stock traded as high as $1.3810 and last traded at $1.37. 14,657 shares traded hands during trading, a decline of 79% from the average session volume of 69,118 shares. The stock had previously closed at $1.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $4.00.

Usio Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $37.41 million, a price-to-earnings ratio of -68.50 and a beta of 1.28. The company’s 50 day moving average is $1.40 and its 200-day moving average is $1.49.

Usio (NASDAQ:USIO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Usio had a negative net margin of 0.46% and a negative return on equity of 2.05%. The business had revenue of $21.18 million during the quarter, compared to the consensus estimate of $22.19 million. Equities research analysts anticipate that Usio Inc will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Usio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in shares of Usio by 246.1% in the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after purchasing an additional 20,161 shares during the last quarter. Ritholtz Wealth Management boosted its holdings 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 buying an additional 8,442 shares during the period. Goldman Sachs Group Inc. grew its stake in Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after buying an additional 15,334 shares during the last quarter. Citadel Advisors LLC raised its holdings in Usio by 103.7% in the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock valued at $111,000 after acquiring an additional 39,959 shares during the period. Finally, Scoggin Management LP bought a new position in Usio in the 3rd quarter valued at about $114,000. 20.23% of the stock is owned by institutional investors.

About Usio

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi‐rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash‐based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.