Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) was down 9.2% during mid-day trading on Tuesday . The stock traded as low as $7.61 and last traded at $7.75. Approximately 228,698 shares were traded during trading, a decline of 36% from the average daily volume of 358,612 shares. The stock had previously closed at $8.53.
Wall Street Analyst Weigh In
Several research analysts have weighed in on CTLP shares. Benchmark increased their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Barrington Research raised their target price on Cantaloupe from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th.
View Our Latest Report on Cantaloupe
Cantaloupe Stock Performance
The business's 50 day simple moving average is $9.15 and its 200 day simple moving average is $8.70. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The company has a market cap of $561.35 million, a P/E ratio of 38.45 and a beta of 1.64.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same period in the prior year, the company posted $0.04 earnings per share. Sell-side analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cantaloupe
Several hedge funds have recently modified their holdings of CTLP. Quarry LP purchased a new stake in shares of Cantaloupe in the third quarter worth about $26,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Cantaloupe in the 4th quarter worth about $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe during the 4th quarter valued at about $47,000. New York State Common Retirement Fund lifted its holdings in shares of Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after acquiring an additional 3,400 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Cantaloupe in the fourth quarter worth about $77,000. Hedge funds and other institutional investors own 75.75% of the company's stock.
Cantaloupe Company Profile
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Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.
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