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

Equities researchers at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Performance

NASDAQ:USAT opened at $8.01 on Wednesday. The firm has a market cap of $569.34 million, a P/E ratio of -16.69 and a beta of 2.25. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The firm has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $8.87.

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.