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Investment analysts at Wainwright initiated coverage on shares of USA Technologies (NASDAQ:USAT) in a note issued to investors on Friday. The firm set a “buy” rating and a $2.65 price target on the stock. Wainwright’s price target indicates a potential upside of 33.17% from the company’s current price.

Shares of USA Technologies (NASDAQ:USAT) traded up 2.36% during mid-day trading on Friday, hitting $2.037. The stock had a trading volume of 10,342 shares. USA Technologies has a 52 week low of $1.40 and a 52 week high of $2.48. The stock has a 50-day moving average of $1.99 and a 200-day moving average of $2.02. The company has a market cap of $72.4 million and a P/E ratio of 2.41.

USA Technologies (NASDAQ:USAT) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $10.40 million for the quarter, compared to the consensus estimate of $10.63 million. Analysts expect that USA Technologies will post $0.03 EPS for the current fiscal year.

USAT has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of USA Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Analysts at Northland Securities cut their price target on shares of USA Technologies from $3.50 to $3.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. USA Technologies has a consensus rating of “Buy” and an average price target of $2.88.

USA Technologies, Inc is a provider of technology-enabled solutions that facilitate electronic payment transactions and value-added services primarily within the unattended Point of Sale (NASDAQ:USAT) market.

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