5 Top NASDAQ Tech Stocks: USA Technologies Rises 13.33 Percent

Despite the short week, there was lots of movement on the tech markets. USA Technologies (NASDAQ:USAT) was the top-gaining tech stock over the past week. COPsync (NASDAQ:COYN), Park City Group (NASDAQ:PCYG), Sify Technologies (NASDAQ:SIFY) and Determine (NASDAQ:DTRM) were also top gainers.

USA Technologies, Inc.

This week, USA Technologies stock went up by 13.33 percent. Looking back over the course of the month, the company has gained 9.95 percent in value. USA Technologies provides technology-enabled solutions and services that facilitate electronic payment transactions in the unattended point of sale market. For example, the company is a provider in the small ticket, beverage and food vending industry. Furthermore, it offers solutions and services to other market segments, such as amusement, commercial laundry, kiosk and others. Its main source of revenues are from license and transaction fees resulting from connections to and services provided by its ePort Connect service. According to the Riverside Gazette, street analysts have a consensus EPS projection of $0.01 for the current quarter. For reference, the company posted EPS of $0.01 for the same period last year.

COPsync Inc.

COPsync operates a law enforcement mobile data information system. The company operates COPsync Network, a software-as-a-service (SaaS) real-time, in-car information sharing, communication and data interoperability network. The network allows law enforcement officers to compile and share information through a common database accessible by all such officers on the COPsync Network. COPsync also offers the COPsync911 threat alert service for use in schools, hospitals, day care facilities, government office buildings, energy infrastructure and other facilities. The company’s fourth quarter 2015 earnings are expected to be released on March 28. It seems that the market is already gearing up for news of the company’s financial results, as share prices were up by 11.15 percent last week.

Park City Group, Inc.

Up by 5.36 percent, Park City Group is a SaaS provider that delivers services through software products. The company’s product markets include multi-store retail and convenience store chains, branded food manufacturers, suppliers and distributors, and manufacturing companies. On March 23, the cloud-based data management company released a press release announcing that it had helped a national collectible trading card supplier reduce product losses by 25 percent.

Sify Technologies

Sify Technologies’ 5.33-percent growth last week is in keeping with a broader upward trend for the company. In fact, Sify was the number one gainer last week. This month alone, the company has seen a 21.85-percent rise in share price, while year-to-date it’s seen a 26.18-percent increase.
The India-based company is an integrated information and communications technology solutions and services company. It operates through five segments: telecom services, data center services, cloud and managed services, technology integration services and application integration services.

Determine, Inc.

Determine, previously known as Selectica, provides enterprise contract management, supply management, procure-to-pay and configuration solutions. The company offers a variety of products, from SmartContracts and SmartSource to SmartAnalytics. The company saw its share price rise after the release of its financial results for the third fiscal quarter of 2016, and it has seen growth ever since. Last week, stocks went up by 5.26 percent. For the entire month, the company has seen 22.29 percent growth.
Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million and less than $100 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.
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