Noteworthy Price Action: What Next for USA Technologies, Inc. Stock After Today’s Significant Decline?

Noteworthy Price Action: What Next for USA Technologies, Inc. Stock After Today's Significant Decline?

The stock of USA Technologies, Inc. (NASDAQ:USAT) is a huge mover today! The stock decreased 2.27% or $0.1 during the last trading session, hitting $4.3. About 139,960 shares traded hands. USA Technologies, Inc. (NASDAQ:USAT) has declined 5.17% since April 6, 2016 and is downtrending. It has underperformed by 7.13% the S&P500.
The move comes after 5 months negative chart setup for the $168.75 million company. It was reported on Nov, 8 by Barchart.com. We have $3.70 PT which if reached, will make NASDAQ:USAT worth $23.63M less.

USA Technologies, Inc. (NASDAQ:USAT) Ratings Coverage

Out of 2 analysts covering USA Tech (NASDAQ:USAT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. USA Tech has been the topic of 2 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock of USA Technologies, Inc. (NASDAQ:USAT) has “Outperform” rating given on Monday, September 14 by Barrington Research. Northland Capital maintained USA Technologies, Inc. (NASDAQ:USAT) rating on Monday, November 16. Northland Capital has “Outperform” rating and $4.50 price target.

According to Zacks Investment Research, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.31, from 1.36 in 2016Q1. The ratio worsened, as 21 funds sold all USA Technologies, Inc. shares owned while 22 reduced positions. 24 funds bought stakes while 21 increased positions. They now own 13.74 million shares or 18.36% more from 11.61 million shares in 2016Q1.
Royal Fincl Bank Of Canada holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 41,701 shares. First Wilshire Mgmt accumulated 55,500 shares or 0.08% of the stock. Northern Trust Corporation reported 111,483 shares or 0% of all its holdings. Wasatch Advsr last reported 1.33M shares in the company. Next Century Growth Limited accumulated 0.24% or 1.22M shares. Strs Ohio accumulated 0% or 11,900 shares. Css Limited Liability Company Il accumulated 10,689 shares or 0% of the stock. Manufacturers Life Communication The holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 27,062 shares. White Pine Capital Limited Liability Com holds 0.3% or 167,725 shares in its portfolio. California Employees Retirement System last reported 38,200 shares in the company. Blackrock Institutional Na holds 0% or 473,165 shares in its portfolio. Eam Invsts Ltd Liability has 715,438 shares for 0.46% of their US portfolio. Orinda Asset Mngmt holds 1.41% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 293,086 shares. State Street Corporation holds 361,517 shares or 0% of its portfolio. Commercial Bank Of America Corporation De accumulated 0% or 1,676 shares.

Insider Transactions: Since September 14, 2016, the stock had 1 insider buy, and 0 insider sales for $4,910 net activity. Reilly William J. Jr. bought 1,000 shares worth $4,910.

More notable recent USA Technologies, Inc. (NASDAQ:USAT) news were published by: Businesswire.com which released: “USA Technologies Expands Board of Directors and Strengthens Management Team …” on March 21, 2016, also Businesswire.com with their article: “USA Technologies Acquires VendScreen Assets” published on January 25, 2016, Businesswire.com published: “Coastal Canteen Vending and Food Services Inc. Expands Relationship with USA …” on August 10, 2016. More interesting news about USA Technologies, Inc. (NASDAQ:USAT) were released by: Businesswire.com and their article: “USA Technologies Schedules First Quarter Fiscal Year 2017 Earnings Release and …” published on October 27, 2016 as well as Businesswire.com‘s news article titled: “minuteKEY Chooses USA Technologies to Offer Cashless Payments at Every Kiosk …” with publication date: October 24, 2016.

USAT Company Profile

USA Technologies, Inc., incorporated on January 16, 1992, provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Firm is a well-known provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market divisions, such as amusement, commercial laundry, kiosk and others. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control and report on the results of distributed assets containing its electronic payment solutions. The Firm derives its revenues from license and transaction fees resulting from connections to, as well as services provided by, its ePort Connect service.

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