Usio (NASDAQ:USIO) Trading Down 1.4% – Here’s Why

Usio, Inc. (NASDAQ:USIO)’s share price fell 1.4% during trading on Wednesday . The company traded as low as $1.45 and last traded at $1.46. 27,455 shares changed hands during trading, a decline of 28% from the average session volume of 38,173 shares. The stock had previously closed at $1.48.

Wall Street Analyst Weigh In

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

Usio Price Performance

The stock’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.48. The stock has a market capitalization of $36.90 million, a PE ratio of 15.11 and a beta of 1.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Investors Weigh In On Usio

Large investors have recently modified their holdings of the company. Perritt Capital Management Inc lifted its position in shares of Usio by 35.7% during the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after purchasing an additional 100,000 shares during the last quarter. Creative Planning purchased a new stake in Usio during the 3rd quarter worth about $58,000. Whittier Trust Co. acquired a new position in shares of Usio during the 3rd quarter worth about $3,821,000. Finally, Geode Capital Management LLC increased its holdings in shares of Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after acquiring an additional 9,731 shares during the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

About Usio

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.