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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Performance

USAT stock opened at $7.73 on Thursday. The firm has a 50 day simple moving average of $9.00 and a 200 day simple moving average of $8.92. Cantaloupe has a 52 week low of $4.80 and a 52 week high of $12.94. The stock has a market cap of $549.44 million, a P/E ratio of -16.10 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.