News Recap: Usio (NASDAQ:USIO)

Usio (NASDAQ:USIO) stock identified change of 94.81% away from 52-week low price and recently located move of -60.62% off 52-week high price. It has market worth of $27.63M. USIO stock has been recorded -37.42% away from 50 day moving average and -21.26% away from 200 day moving average. Moving closer, we can see that shares have been trading -30.40% off 20-day moving average.

On Sept. 25, 2020, Usio (NASDAQ:USIO) revealed the closing of an underwritten public offering of common stock for gross proceeds of approximately $8 million, prior to deducting underwriting discounts and commissions and offering expenses payable by Usio.

The offering was comprised of shares of common stock priced at a public offering price of $1.70 per share.

Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager in connection with the offering. Barrington Research Associates is acting as co-manager in the offering.

A total of 4,705,883 shares of common stock were issued in the offering. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 705,882 shares of common stock solely to cover over-allotments, if any, at the public offering price per share, less the underwriting discounts and commissions.

The Technology sector company, Usio noticed change of -6.69% to $1.47 along volume of 273336 shares in recent session compared to an average volume of 87.59K. The stock observed return of -35.75% in 5 days trading activity. The stock was at -42.32% over one month performance. USIO’s shares are at -27.11% for the quarter and driving a -27.83% return over the course of the past year and is now at -6.09% since this point in 2018.

The average volatility for the week at 6.96% and for month was at 8.71%. There are 13.17M shares outstanding and 11.01M shares are floated in market. Right now the stock beta is 1.41.

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