Usio (NASDAQ:USIO) Stock Price Up 0.8% – What’s Next?

Usio Inc (NASDAQ:USIO) shares traded up 0.8% during mid-day trading on Tuesday . The company traded as high as $1.3250 and last traded at $1.32. 44,515 shares were traded during mid-day trading, a decline of 8% from the average session volume of 48,253 shares. The stock had previously closed at $1.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Usio from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $4.00.

Usio Price Performance

The company has a market cap of $36.05 million, a P/E ratio of -66.00 and a beta of 1.37. The company’s 50-day moving average price is $1.37 and its two-hundred day moving average price is $1.43. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03.

Institutional Trading of Usio

Several institutional investors and hedge funds have recently added to or reduced their stakes in USIO. Goldman Sachs Group Inc. increased its position in Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after purchasing an additional 15,334 shares during the last quarter. Ritholtz Wealth Management grew its position in Usio by 36.8% during the second quarter. Ritholtz Wealth Management now owns 31,370 shares of the company’s stock worth $48,000 after buying an additional 8,442 shares in the last quarter. Osaic Holdings Inc. increased its stake in 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 acquiring an additional 20,161 shares during the period. GSA Capital Partners LLP grew its stake in shares of Usio by 39.8% in the 3rd quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock valued at $128,000 after purchasing an additional 25,696 shares during the period. Finally, Scoggin Management LP acquired a new position in Usio during the third quarter worth $114,000. 20.23% of the stock is owned by institutional investors and hedge funds.

Usio Company Profile

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.