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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report released on Thursday morning. The brokerage issued a hold rating on the stock.

Cantaloupe Price Performance

Shares of NASDAQ USAT opened at $6.60 on Thursday. The firm has a fifty day moving average price of $6.67 and a 200-day moving average price of $6.91. The stock has a market cap of $469.12 million, a PE ratio of -13.75 and a beta of 2.25. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94.

Cantaloupe Company Profile

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.