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

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

Cantaloupe Stock Up 0.3 %

Shares of Cantaloupe stock opened at $12.16 on Thursday. The business has a fifty day simple moving average of $7.43 and a 200-day simple moving average of $7.01. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The firm has a market cap of $864.32 million, a price-to-earnings ratio of -19.27 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.