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

StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

Cantaloupe Trading Down 3.6 %

USAT opened at $10.67 on Friday. The firm has a market cap of $758.41 million, a price-to-earnings ratio of -22.23 and a beta of 2.25. Cantaloupe has a 12 month low of $4.80 and a 12 month high of $12.94. The stock has a fifty day moving average price of $9.10 and a 200-day moving average price of $8.45.

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.