Usio (NASDAQ:USIO) Stock Price Down 1.4% – Here’s What Happened

by · The Cerbat Gem

Usio, Inc. (NASDAQ:USIO – Get Free Report) shares fell 1.4% on Tuesday . The company traded as low as $1.38 and last traded at $1.39. 26,263 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 29,113 shares. The stock had previously closed at $1.41.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Usio in a research report on Friday, August 16th.

Get Our Latest Stock Analysis on Usio

Usio Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.52. The company has a market cap of $36.70 million, a P/E ratio of -34.05 and a beta of 1.71.

Hedge Funds Weigh In On Usio

A hedge fund recently raised its stake in Usio stock. Perritt Capital Management Inc increased its holdings in Usio, Inc. (NASDAQ:USIO – Free Report) by 35.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 380,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Perritt Capital Management Inc owned approximately 1.44% of Usio worth $581,000 at the end of the most recent quarter. 20.23% of the stock is currently owned by hedge funds and other institutional investors.

About Usio

(Get Free Report)

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.

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