Cantaloupe (NASDAQ:USAT) Receives New Coverage from Analysts at StockNews.com

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

Cantaloupe Stock Up 6.4 %

USAT opened at $7.87 on Tuesday. The firm’s 50 day moving average is $7.01 and its 200-day moving average is $6.78. The firm has a market capitalization of $559.39 million, a P/E ratio of -16.40 and a beta of 2.25. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94.

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.