DynaVox, Inc (OTCMKTS:DVOX)’s shares surged by 5.88%, USA Technologies, Inc (NASDAQ:USAT)

Posted by Lacee Page May 23, 2013 0 Comment 1007 views


DynaVox, Inc (OTCMKTS:DVOX): In Wednesday’s trading session, DynaVox, Inc (OTCMKTS:DVOX) rose by 5.88% and closed at $0.0900. It opened at $0.10 per share, touched an intraday high of $0.10, before dropping down to close at $0.08 per share. More than 0.163 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 0.288 million that was measured over a 30-day period.

DVOX has just come off fresh earnings figures. It has disclosed the performance for the thirteen weeks that ended 29 March 2013. According to the Q3 financial report, there was a 38% drop in net sales which finished off at $14.9 million. This is in contrast to the $24.0 million net sales that were recorded in the Q3’2012. DynaVox, Inc (OTCMKTS:DVOX) also saw further dips in key product areas. There was a 39% drop in DVOX’s speech generating devices whose sales stood at $12.5 million.

The rest of the financials numbers were unhealthy as well, with the Q3 gross profit dropping $10.4 million which was a drop of 40%. The gross margins for the quarter dropped 230 basis points to touch 70.0%. The company is still trading at the lowest support levels and the stock has currently been oversold with a 27.47 RSI.

USA Technologies, Inc (NASDAQ:USAT): In Wednesday’s trading session, USA Technologies, Inc (NASDAQ:USAT) rose by 2.94% and closed at $1.75. It opened at $1.70 per share, touched an intraday high of $1.88, before dropping down to close at $1.60 per share. More than 0.434 million shares were traded in Wednesday’s trading session. This number stood above the average volume of 0.275 million that was measured over a 30-day period.

USAT is a technology-enabled solutions provider. It facilitates value-added services and electronic payment transactions largely within the unattended Point of Sale market. USA Technologies, Inc (NASDAQ:USAT) is a provider in the small-ticket, food and beverage vending industry. It designs and markets solutions and systems solutions that facilitate electronic-payment options. It also has machine-to-machine and telemetry services. These include remotely monitoring, controlling and reporting results of distributed assets that contain its electronic payment solutions. The Company is also involved in manufacturing and sales of energy management products. These reduce the electrical power-consumption of equipment, such as glass-front coolers and refrigerated vending machines.


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Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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