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

Investment analysts at StockNews.com started 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

USAT stock opened at $8.03 on Wednesday. The company has a market cap of $570.76 million, a P/E ratio of -16.73 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 stock’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $6.85.

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.