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

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

Cantaloupe Stock Performance

NASDAQ USAT opened at $7.88 on Friday. The stock has a 50 day simple moving average of $8.40 and a two-hundred day simple moving average of $8.93. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The stock has a market cap of $560.10 million, a P/E ratio of -16.42 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.