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

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

Cantaloupe Trading Down 0.1 %

USAT opened at $7.90 on Wednesday. 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 $9.03 and a 200-day moving average price of $8.87. The firm has a market cap of $561.52 million, a price-to-earnings ratio of -16.46 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.