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

StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

Cantaloupe Stock Up 1.7 %

USAT stock opened at $8.29 on Tuesday. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The company has a market cap of $589.24 million, a PE ratio of -17.27 and a beta of 2.25. The business’s 50-day simple moving average is $9.12 and its 200 day simple moving average is $8.22.

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.