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

StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a report issued on Monday. The firm set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of Cantaloupe stock opened at $12.16 on Monday. The company has a 50 day simple moving average of $8.38 and a two-hundred day simple moving average of $7.43. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The firm has a market cap of $864.32 million, a PE ratio of -25.33 and a beta of 2.25.

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.