Cantaloupe (NASDAQ:USAT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Cantaloupe Trading Down 4.8 %

Cantaloupe stock opened at $8.87 on Friday. The company has a market capitalization of $630.47 million, a P/E ratio of -18.48 and a beta of 2.25. The firm’s fifty day simple moving average is $8.06 and its 200-day simple moving average is $7.29. Cantaloupe has a 1-year low of $4.80 and a 1-year high of $12.94.

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.