Cantaloupe (NASDAQ:USAT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a report released on Wednesday morning. The firm issued a hold rating on the stock.

Cantaloupe Stock Performance

Shares of NASDAQ USAT opened at $8.48 on Wednesday. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The firm has a 50 day moving average price of $7.82 and a 200 day moving average price of $8.80. The stock has a market cap of $602.75 million, a P/E ratio of -17.67 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.