Cantaloupe (NASDAQ:USAT) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Up 1.8 %

USAT opened at $7.75 on Friday. The firm has a market cap of $550.86 million, a P/E ratio of -16.15 and a beta of 2.25. The business’s fifty day simple moving average is $8.86 and its 200 day simple moving average is $8.96. Cantaloupe has a 52 week low of $4.80 and a 52 week high of $12.94.

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.