Usio (NASDAQ:USIO) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Usio (NASDAQ:USIO) from a hold rating to a sell rating in a research note published on Saturday morning, reports.

According to Zacks, “Usio Inc. provides integrated payment solutions to merchants, billers, banks, service bureaus and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms. Usio Inc., formerly known as Payment Data Systems Inc., is headquartered in San Antonio, Texas. “

A number of other research analysts have also recently weighed in on USIO. Maxim Group reaffirmed a buy rating and set a $4.00 price objective on shares of Usio in a research report on Tuesday, May 19th. Barrington Research reissued a buy rating and set a $5.00 target price on shares of Usio in a research note on Thursday, May 28th. Finally, LADENBURG THALM/SH SH reissued a buy rating and set a $4.50 target price on shares of Usio in a research note on Friday, May 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $3.81.

USIO stock opened at $1.95 on Friday. Usio has a twelve month low of $0.75 and a twelve month high of $3.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market cap of $37.45 million, a P/E ratio of -5.27 and a beta of 1.51. The business’s 50-day moving average price is $2.01 and its 200-day moving average price is $1.67.

Usio (NASDAQ:USIO) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. Usio had a negative return on equity of 59.08% and a negative net margin of 16.60%. The firm had revenue of $7.77 million for the quarter, compared to analysts’ expectations of $7.54 million. On average, equities research analysts expect that Usio will post -0.34 earnings per share for the current fiscal year.

Usio Company Profile

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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