Usio (NASDAQ:USIO – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Usio had a net margin of 3.33% and a negative return on equity of 2.98%.
Usio Trading Down 3.6 %
Shares of Usio stock traded down $0.06 during midday trading on Wednesday, reaching $1.59. 230,744 shares of the company’s stock traded hands, compared to its average volume of 122,721. The stock has a 50 day moving average of $1.80 and a 200-day moving average of $1.60. Usio has a 12 month low of $1.24 and a 12 month high of $2.92. The company has a market cap of $43.14 million, a PE ratio of 17.67 and a beta of 1.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Usio in a report on Wednesday, January 29th.
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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