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Why USA Technologies Stock Fell Thursday


Shares of networking and cashless transaction company USA Technologies (NASDAQ: USAT) were hit hard on Thursday, falling as much as 22.2%. As of 11:07 a.m. EDT, the stock was down 18%.

The stock's decline follows USA Technologies' fiscal fourth-quarter and full-year update, including the announcement that the company is now up to date on its financial disclosures, which were delayed by an internal investigation by the board's audit committee.

Image source: Getty Images.

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Source Fool.com

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