USA Technologies (USAT) in Focus: Stock Up 6%

Zacks Equity Research

Mon, Jun 2, 2014, 6:34 AM

USA Technologies Inc. (USAT) was a big mover last session, as its shares rose nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend of the company since May 21, as the stock is now up almost 22%.

In the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

USA Technologies currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the computer and technology sector include Alliance Fiber Optic Products Inc. (AFOP), Applied Micro Circuits Corporation (AMCC) and ARRIS Group, Inc. (ARRS). All three sport a Zacks Rank #1 (Strong Buy).

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USA TECH INC (USAT): Free Stock Analysis Report

ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report

APPLIED MICRO CIRCUITS CORP (AMCC): Free Stock Analysis Report

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USA Technologies (USAT) in Focus: Stock Up 6%

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