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

Investment analysts at StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Down 4.7 %

Shares of USAT stock opened at $9.84 on Friday. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94. The firm has a fifty day moving average of $9.32 and a 200-day moving average of $7.84. The firm has a market capitalization of $699.42 million, a price-to-earnings ratio of -20.50 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.