Usio shares tick higher as June vote nears and traders look again at payments stock
Usio Inc. shares traded up midday Tuesday on the Nasdaq, reversing a bit of Monday’s losses. Investors are still watching the small payments company after it posted a record first quarter. The stock was last at $1.59, showing a gain of 3 cents, or 1.9%. Volume was 21,028 shares, with the company’s market value around $44.1 million. Usio is thinly traded, so even small buys or sells can have an outsized effect on the price. According to the company’s investor page, Usio shares finished at $1.56 on June 1, down 3.1% for the day. Volume came in at 57,874 shares.