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

StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the stock.

Cantaloupe Trading Up 0.3 %

USAT opened at $7.88 on Friday. The company has a market capitalization of $560.10 million, a price-to-earnings ratio of -16.42 and a beta of 2.25. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94. The business’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $8.91.

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.