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

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

Cantaloupe Price Performance

USAT opened at $7.82 on Wednesday. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The firm has a market capitalization of $555.84 million, a P/E ratio of -16.29 and a beta of 2.25. The company’s 50-day moving average is $9.02 and its 200 day moving average is $8.88.

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.