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

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

Cantaloupe Price Performance

NASDAQ USAT opened at $7.91 on Wednesday. The stock has a market cap of $562.23 million, a P/E ratio of -16.48 and a beta of 2.25. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The company’s 50-day simple moving average is $9.03 and its 200 day simple moving average is $8.88.

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.