Usio, Inc. (NASDAQ:USIO – Get Free Report) fell 1.4% on Tuesday . The stock traded as low as $1.38 and last traded at $1.39. 26,263 shares were traded during trading, a decline of 10% from the average session volume of 29,113 shares. The stock had previously closed at $1.41.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Usio in a report on Friday, August 16th.
Read Our Latest Stock Report on Usio
Usio Trading Down 1.4 %
Hedge Funds Weigh In On Usio
An institutional investor recently raised its position in Usio stock. Perritt Capital Management Inc. increased its holdings in Usio, Inc. (NASDAQ:USIO – Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Perritt Capital Management Inc. owned 1.06% of Usio worth $482,000 at the end of the most recent reporting period. Institutional investors own 20.23% of the company’s stock.
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.
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