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

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

Cantaloupe Stock Performance

USAT stock opened at $9.19 on Friday. 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 price-to-earnings ratio of -19.23 and a beta of 2.25. The firm has a 50-day simple moving average of $8.16 and a two-hundred day simple moving average of $7.34.

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.