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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the stock.

Cantaloupe Price Performance

Shares of NASDAQ:USAT opened at $6.16 on Tuesday. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The stock has a market capitalization of $437.85 million, a price-to-earnings ratio of -12.83 and a beta of 2.25. The company’s 50 day simple moving average is $6.61 and its 200 day simple moving average is $6.99.

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.