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

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

Cantaloupe Price Performance

Shares of NASDAQ USAT opened at $10.67 on Friday. Cantaloupe has a one year low of $4.80 and a one year high of $12.94. The firm’s 50 day simple moving average is $9.10 and its two-hundred day simple moving average is $8.45. The stock has a market capitalization of $758.41 million, a P/E ratio of -22.23 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.