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

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

Cantaloupe Stock Performance

Shares of NASDAQ USAT opened at $7.91 on Wednesday. The company has a 50-day moving average of $9.03 and a 200 day moving average of $8.88. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94. The stock has a market cap of $562.23 million, a PE ratio of -16.48 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.