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

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

Cantaloupe Stock Up 1.6 %

USAT opened at $5.88 on Thursday. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The company has a 50-day simple moving average of $6.40 and a 200 day simple moving average of $6.94. The stock has a market capitalization of $417.94 million, a price-to-earnings ratio of -12.25 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.