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

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

Cantaloupe Stock Down 2.3 %

Shares of USAT opened at $9.82 on Friday. The business’s 50 day moving average is $9.31 and its two-hundred day moving average is $8.66. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The firm has a market cap of $698.00 million, a price-to-earnings ratio of -20.46 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.