Cantaloupe (NASDAQ:USAT) Coverage Initiated by Analysts at StockNews.com

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

Cantaloupe Stock Performance

Shares of NASDAQ USAT opened at $9.16 on Friday. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The stock has a market cap of $651.08 million, a price-to-earnings ratio of -25.33 and a beta of 2.25. The firm’s 50-day simple moving average is $7.87 and its 200 day simple moving average is $7.21.

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.