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

Investment analysts at StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Cantaloupe Stock Performance

USAT stock opened at $6.71 on Thursday. The firm has a fifty day moving average price of $6.65 and a 200 day moving average price of $6.95. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94. The firm has a market cap of $476.94 million, a PE ratio of -13.98 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.