Usio (NASDAQ:USIO) Stock Price Breaks Below 50 Day Moving Average – What’s Next?

Usio Inc (NASDAQ:USIO) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $2.73 and traded as low as $2.03. Usio shares last traded at $2.19, with a volume of 809,540 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Usio to a “hold” rating in a report on Saturday, July 25th. Ladenburg Thalmann & Co. Inc. upped their price objective on Usio from $6.25 to $6.75 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded Usio from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.

Usio Trading Down 0.5%

The company has a 50 day moving average of $2.70 and a two-hundred day moving average of $1.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.10.

Usio (NASDAQ:USIO) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $23.76 million during the quarter, compared to analysts’ expectations of $23.98 million. Usio had a negative return on equity of 4.71% and a negative net margin of 0.92%. On average, equities research analysts forecast that Usio Inc will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Usio

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in Usio during the 2nd quarter worth approximately $49,000. Financial Life Advisors acquired a new position in Usio during the 3rd quarter valued at approximately $63,000. Allworth Financial LP acquired a new position in Usio during the 2nd quarter valued at approximately $102,000. Empowered Funds LLC acquired a new position in Usio during the 3rd quarter valued at approximately $121,000. Finally, Stonebridge Wealth Management LLC raised its holdings in shares of Usio by 57.6% in the third quarter. Stonebridge Wealth Management LLC now owns 279,067 shares of the company’s stock worth $751,000 after buying an additional 101,983 shares during the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

Usio Company Profile

Usio, Inc. (NASDAQ: USIO) is a financial technology company that provides electronic payment and money-movement services. Its platform supports payment acceptance and processing through methods such as credit cards, debit cards and automated clearing house (ACH) transactions. The company offers services for businesses, financial institutions, government organizations and other entities seeking to collect, disburse or manage payments. Its solutions include electronic bill payment, card processing, ACH payments and prepaid card programs, with an emphasis on integrated payment technology and related processing services.