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

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

Cantaloupe Stock Performance

Shares of NASDAQ USAT opened at $8.64 on Thursday. The company has a 50 day simple moving average of $8.97 and a two-hundred day simple moving average of $8.34. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The company has a market capitalization of $614.12 million, a price-to-earnings ratio of -18.00 and a beta of 2.25.

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.