Cantaloupe (NASDAQ:USAT) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

Cantaloupe Trading Down 1.8 %

USAT opened at $9.10 on Friday. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94. The business’s fifty day simple moving average is $7.47 and its 200-day simple moving average is $7.07. The company has a market capitalization of $646.82 million, a price-to-earnings ratio of -18.96 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.