Cantaloupe (NASDAQ:USAT) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a report issued on Monday. The firm set a “hold” rating on the stock.

Cantaloupe Trading Down 6.9 %

USAT stock opened at $8.53 on Monday. The stock has a 50-day moving average price of $9.28 and a two-hundred day moving average price of $8.80. The stock has a market cap of $606.30 million, a PE ratio of -17.77 and a beta of 2.25. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94.

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.