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

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

Cantaloupe Stock Performance

NASDAQ USAT opened at $9.82 on Friday. The company has a market capitalization of $698.00 million, a price-to-earnings ratio of -20.46 and a beta of 2.25. The company’s 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $8.66. Cantaloupe has a one year low of $4.80 and a one year 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.