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

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

Cantaloupe Price Performance

NASDAQ:USAT opened at $9.42 on Friday. The company has a market capitalization of $669.56 million, a P/E ratio of -19.63 and a beta of 2.25. The business has a fifty day simple moving average of $9.42 and a two-hundred day simple moving average of $8.07. 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.