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

Equities research analysts at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of NASDAQ:USAT opened at $9.82 on Friday. The firm’s 50-day moving average is $9.31 and its two-hundred day moving average is $8.70. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The firm has a market capitalization of $698.00 million, a PE ratio of -20.46 and a beta of 2.25.

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.