StockNews.com Begins Coverage on Cantaloupe (NASDAQ:USAT)

Stock analysts at StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Down 1.0 %

NASDAQ:USAT opened at $9.06 on Wednesday. The company has a market capitalization of $643.98 million, a PE ratio of -18.88 and a beta of 2.25. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The stock has a fifty day simple moving average of $8.96 and a 200-day simple moving average of $7.65.

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.