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

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

Cantaloupe Stock Performance

Shares of NASDAQ USAT opened at $9.82 on Friday. The business’s 50-day simple moving average is $9.31 and its 200-day simple moving average is $8.68. Cantaloupe has a 52 week low of $4.80 and a 52 week high of $12.94. The firm has a market cap of $698.00 million, a price-to-earnings ratio of -20.46 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.