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

Research analysts at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Trading Up 2.5 %

Shares of Cantaloupe stock opened at $7.71 on Tuesday. The firm has a fifty day simple moving average of $9.09 and a 200-day simple moving average of $8.83. Cantaloupe has a 1-year low of $4.80 and a 1-year high of $12.94. The stock has a market capitalization of $548.02 million, a price-to-earnings ratio of -16.06 and a beta of 2.25.

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.