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

Equities research analysts at StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Down 2.2 %

Shares of Cantaloupe stock opened at $8.90 on Friday. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94. The firm has a market capitalization of $632.60 million, a PE ratio of -18.54 and a beta of 2.25. The stock’s fifty day moving average is $7.56 and its 200-day moving average is $7.11.

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.