Cantaloupe (NASDAQ:USAT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of Cantaloupe stock opened at $6.54 on Friday. The business has a 50-day simple moving average of $6.70 and a 200 day simple moving average of $6.89. Cantaloupe has a one year low of $4.80 and a one year high of $12.94. The firm has a market capitalization of $464.86 million, a price-to-earnings ratio of -13.63 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.