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

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

Cantaloupe Trading Up 3.1 %

Cantaloupe stock opened at $11.07 on Friday. Cantaloupe has a 1-year low of $4.80 and a 1-year high of $12.94. The firm has a market capitalization of $786.84 million, a price-to-earnings ratio of -23.06 and a beta of 2.25. The firm’s fifty day moving average price is $9.10 and its two-hundred day moving average price is $8.44.

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.