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

Equities research analysts at StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of USAT opened at $8.64 on Thursday. The company has a 50-day simple moving average of $8.97 and a two-hundred day simple moving average of $8.34. The firm has a market capitalization of $614.12 million, a PE ratio of -18.00 and a beta of 2.25. Cantaloupe has a one year low of $4.80 and a one 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.