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

StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report report published on Thursday morning. The firm issued a hold rating on the stock.

Cantaloupe Stock Performance

NASDAQ:USAT opened at $7.47 on Thursday. The stock has a market cap of $530.96 million, a price-to-earnings ratio of -15.56 and a beta of 2.25. Cantaloupe has a one year low of $4.80 and a one year high of $12.94. The business’s 50-day simple moving average is $8.99 and its 200 day simple moving average is $8.95.

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.