Cantaloupe (NASDAQ:USAT) Now Covered by StockNews.com

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

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $9.42 on Friday. Cantaloupe has a 52-week low of $4.80 and a 52-week high of $12.94. The company’s 50 day moving average price is $9.41 and its 200-day moving average price is $8.06. The stock has a market capitalization of $669.56 million, a price-to-earnings ratio of -19.63 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.