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

Research analysts at StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued on Friday. The firm set a “hold” rating on the stock.

Cantaloupe Stock Performance

NASDAQ:USAT opened at $9.84 on Friday. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The company has a market cap of $699.42 million, a PE ratio of -20.50 and a beta of 2.25. The stock has a 50-day simple moving average of $9.32 and a 200 day simple moving average of $7.84.

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.