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

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

Cantaloupe Trading Up 0.3 %

Shares of NASDAQ USAT opened at $12.16 on Friday. The stock has a market capitalization of $864.32 million, a PE ratio of -13.13 and a beta of 2.25. The stock’s fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $6.73. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94.

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.