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

StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Cantaloupe Stock Down 1.1 %

USAT stock opened at $6.26 on Tuesday. The company’s 50-day simple moving average is $6.64 and its 200-day simple moving average is $7.00. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The firm has a market cap of $444.95 million, a P/E ratio of -13.04 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.