Cantaloupe (NASDAQ:USAT) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Cantaloupe Stock Up 1.5 %

Cantaloupe stock opened at $8.99 on Friday. The company’s 50-day moving average price is $7.77 and its two-hundred day moving average price is $7.15. The stock has a market cap of $639.00 million, a P/E ratio of -18.73 and a beta of 2.25. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94.

Cantaloupe Company Profile

Cantaloupe, Inc is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. It offers Internet of Things (IoT) and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions.