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

Equities research analysts at StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Cantaloupe Stock Up 1.7 %

Shares of USAT opened at $8.29 on Tuesday. The company has a market capitalization of $589.24 million, a P/E ratio of -17.27 and a beta of 2.25. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The firm has a 50 day moving average of $9.14 and a 200 day moving average of $8.22.

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.