Cantaloupe (NASDAQ:USAT) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Trading Up 1.6 %

Shares of USAT stock opened at $6.23 on Wednesday. The business’s 50 day moving average is $6.48 and its two-hundred day moving average is $6.98. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The company has a market capitalization of $442.82 million, a P/E ratio of -12.98 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.