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

Equities researchers at StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a report released on Thursday. The firm set a “hold” rating on the stock.

Cantaloupe Stock Down 0.5 %

Shares of Cantaloupe stock opened at $9.25 on Thursday. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The company’s 50 day moving average is $9.27 and its 200 day moving average is $7.76. The company has a market cap of $657.48 million, a price-to-earnings ratio of -19.27 and a beta of 2.25.

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.