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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report released on Tuesday. The brokerage issued a hold rating on the stock.

Cantaloupe Stock Up 2.5 %

Shares of USAT stock opened at $7.71 on Tuesday. The company has a market capitalization of $548.02 million, a price-to-earnings ratio of -16.06 and a beta of 2.25. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94. The firm has a fifty day moving average of $9.12 and a 200-day moving average of $8.84.

About Cantaloupe

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.