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

Research analysts at StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of USAT opened at $9.24 on Thursday. The firm has a 50 day simple moving average of $7.34 and a two-hundred day simple moving average of $6.97. Cantaloupe has a one year low of $4.80 and a one year high of $12.94. The company has a market cap of $656.77 million, a P/E ratio of -19.25 and a beta of 2.25.

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.