Cantaloupe (NASDAQ:USAT) Trading 0.1% Higher - Should You Buy?

Key Points

• Cantaloupe Inc. (NASDAQ:USAT) shares rose 0.1% to $11.08, gaining significant trading volume of over 1 million shares, which is a 280% increase from its average session volume.
• Wall Street Zen recently initiated coverage of Cantaloupe with a "hold" rating, indicating a cautious outlook on the stock.
• The company specializes in software and payments solutions for the unattended retail market, leveraging Internet of Things (IoT) technology for remote monitoring and control.

Cantaloupe Inc (NASDAQ:USAT - Get Free Report) shares traded up 0.1% on Friday . The company traded as high as $11.10 and last traded at $11.08. 1,105,380 shares were traded during mid-day trading, an increase of 280% from the average session volume of 291,261 shares. The stock had previously closed at $11.07.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on Cantaloupe in a report on Wednesday, May 21st. They issued a "hold" rating on the stock.

Cantaloupe Stock Performance

The stock has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $9.07. The company has a market cap of $787.56 million, a PE ratio of -23.08 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.