Litchfield Hills Research Begins Coverage on Usio (NASDAQ:USIO)

Investment analysts at Litchfield Hills Research started coverage on shares of Usio (NASDAQ:USIOGet Free Report) in a note issued to investors on Wednesday, MarketBeat reports. The firm set a “buy” rating and a $6.00 price target on the stock. Litchfield Hills Research’s target price would suggest a potential upside of 308.16% from the company’s current price.

Separately, HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of Usio in a research note on Friday, May 17th.

View Our Latest Analysis on USIO

Usio Price Performance

Shares of NASDAQ USIO opened at $1.47 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.04. Usio has a twelve month low of $1.30 and a twelve month high of $2.28. The stock has a 50 day moving average of $1.54 and a two-hundred day moving average of $1.64. The stock has a market cap of $38.85 million, a P/E ratio of -36.75 and a beta of 1.76.

Usio (NASDAQ:USIOGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Usio had a negative net margin of 0.91% and a negative return on equity of 4.91%. The firm had revenue of $20.32 million during the quarter, compared to analysts’ expectations of $22.99 million. On average, research analysts forecast that Usio will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Usio

Several large investors have recently modified their holdings of USIO. Perritt Capital Management Inc. raised its position in Usio by 3.7% in the fourth quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock worth $482,000 after acquiring an additional 10,000 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Usio in the first quarter worth $34,000. Finally, Perkins Capital Management Inc. raised its position in Usio by 3.5% in the fourth quarter. Perkins Capital Management Inc. now owns 1,040,693 shares of the company’s stock worth $1,790,000 after acquiring an additional 35,500 shares in the last quarter. Hedge funds and other institutional investors own 20.23% of the company’s stock.

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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