Usio (NASDAQ:USIO) Given Buy Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Usio (NASDAQ:USIO) in a report released on Wednesday,Benzinga reports. They currently have a $4.00 price target on the stock.

Usio Stock Down 9.0 %

Shares of NASDAQ:USIO opened at $1.83 on Wednesday. Usio has a fifty-two week low of $1.24 and a fifty-two week high of $2.92. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $1.74 and its 200-day simple moving average is $1.56. The company has a market cap of $49.65 million, a price-to-earnings ratio of 20.33 and a beta of 1.75.

Institutional Trading of Usio

Several hedge funds have recently modified their holdings of the business. Creative Planning acquired a new position in Usio during the third quarter worth $58,000. Whittier Trust Co. acquired a new position in shares of Usio during the 3rd quarter worth $3,821,000. Finally, Geode Capital Management LLC grew its stake in shares of Usio by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after purchasing an additional 9,731 shares during the period. 20.23% of the stock is owned by institutional investors and hedge funds.

Usio Company Profile

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.