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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a report published on Tuesday. The brokerage issued a hold rating on the stock.

Cantaloupe Stock Performance

Shares of NASDAQ:USAT opened at $7.72 on Tuesday. The stock has a market capitalization of $548.73 million, a price-to-earnings ratio of -16.08 and a beta of 2.25. Cantaloupe has a 1-year low of $4.80 and a 1-year high of $12.94. The company’s fifty day moving average is $9.07 and its two-hundred day moving average is $8.82.

About Cantaloupe

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.