Usio (NASDAQ:USIO) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totalling 14,300 shares, a growth of 83.3% from the May 14th total of 7,800 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 84,000 shares, the days-to-cover ratio is presently 0.2 days.
USIO has been the topic of a number of recent research reports. Maxim Group reaffirmed a “buy” rating and issued a $4.00 target price on shares of Usio in a report on Tuesday, May 19th. LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $4.50 price objective on shares of Usio in a research report on Friday, May 22nd. Zacks Investment Research downgraded Usio from a “buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Barrington Research reiterated a “buy” rating and issued a $5.00 price target on shares of Usio in a research report on Thursday, May 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Usio presently has a consensus rating of “Buy” and a consensus target price of $3.81.
Shares of USIO traded down $0.14 during trading on Thursday, reaching $2.00. The company’s stock had a trading volume of 384 shares, compared to its average volume of 55,091. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. Usio has a twelve month low of $0.75 and a twelve month high of $3.57. The company has a fifty day moving average of $1.78 and a two-hundred day moving average of $1.66. The company has a market cap of $38.38 million, a price-to-earnings ratio of -5.57 and a beta of 1.51.
Usio (NASDAQ:USIO) last released its earnings results on Thursday, May 14th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The firm had revenue of $7.77 million during the quarter, compared to analyst estimates of $7.54 million. Usio had a negative net margin of 16.60% and a negative return on equity of 59.08%. As a group, equities analysts forecast that Usio will post -0.34 EPS for the current fiscal year.
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 processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.
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