Usio (NASDAQ:USIO) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 12,000 shares, an increase of 44.6% from the July 15th total of 8,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 89,000 shares, the short-interest ratio is presently 0.1 days.
Shares of USIO stock traded up $0.10 during midday trading on Friday, reaching $2.51. 78,300 shares of the company traded hands, compared to its average volume of 135,247. The firm’s 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $1.83. Usio has a 1-year low of $0.75 and a 1-year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a market cap of $51.52 million, a PE ratio of -6.78 and a beta of 1.56.
Usio (NASDAQ:USIO) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Usio had a negative net margin of 16.75% and a negative return on equity of 66.62%. The company had revenue of $6.96 million for the quarter, compared to analyst estimates of $6.44 million. As a group, research analysts anticipate that Usio will post -0.34 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on USIO shares. LADENBURG THALM/SH SH restated a “buy” rating and issued a $4.50 price objective on shares of Usio in a research report on Friday, May 22nd. Barrington Research started coverage on shares of Usio in a research report on Monday. They issued a “buy” rating and a $5.00 price objective for the company. Maxim Group restated a “buy” rating and issued a $4.00 price objective on shares of Usio in a research report on Wednesday. Alliance Global Partners downgraded shares of Usio from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research downgraded shares of Usio from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $3.81.
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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