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

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report report published on Sunday. The firm issued a hold rating on the stock.

Cantaloupe Price Performance

NASDAQ USAT opened at $9.19 on Friday. The stock’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $7.36. Cantaloupe has a one year low of $4.80 and a one year high of $12.94. The firm has a market cap of $653.22 million, a PE ratio of -19.15 and a beta of 2.25.

Cantaloupe Company Profile

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.