Usio (NASDAQ:USIO) Earns Buy Rating from HC Wainwright

Usio (NASDAQ:USIO)‘s stock had its “buy” rating reissued by HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $4.00 price objective on the stock. HC Wainwright’s price objective suggests a potential upside of 123.46% from the company’s previous close.

Usio Price Performance

NASDAQ:USIO opened at $1.79 on Wednesday. Usio has a 12-month low of $1.24 and a 12-month high of $2.92. The firm has a market cap of $48.56 million, a price-to-earnings ratio of 19.89 and a beta of 1.75. The company’s 50-day moving average is $1.75 and its two-hundred day moving average is $1.56. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Usio by 5.6% during the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after buying an additional 9,731 shares during the period. Creative Planning purchased a new stake in Usio in the third quarter valued at approximately $58,000. Finally, Whittier Trust Co. acquired a new position in Usio during the third quarter worth approximately $3,821,000. Hedge funds and other 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.