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

Analysts at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Performance

Shares of USAT stock opened at $8.15 on Tuesday. The stock has a 50 day moving average price of $9.18 and a 200 day moving average price of $8.21. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The firm has a market capitalization of $579.29 million, a P/E ratio of -16.98 and a beta of 2.25.

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.