StockNews.com Begins Coverage on Cantaloupe (NASDAQ:USAT)

Analysts at StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Performance

Shares of NASDAQ:USAT opened at $9.05 on Tuesday. The stock has a fifty day moving average of $8.76 and a 200-day moving average of $7.58. The company has a market capitalization of $643.26 million, a PE ratio of -19.56 and a beta of 2.25. Cantaloupe has a one year low of $4.80 and a one year high of $12.94.

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.