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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a report released on Saturday morning. The firm issued a hold rating on the stock.

Cantaloupe Stock Performance

Shares of USAT opened at $9.61 on Friday. The firm has a 50 day moving average price of $9.38 and a 200-day moving average price of $7.95. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The firm has a market cap of $683.07 million, a price-to-earnings ratio of -20.02 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.