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

Investment analysts at StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

Cantaloupe Trading Down 4.6 %

Shares of USAT stock opened at $8.32 on Monday. Cantaloupe has a twelve month low of $4.80 and a twelve month high of $12.94. The company has a market capitalization of $591.38 million, a price-to-earnings ratio of -17.33 and a beta of 2.25. The firm has a 50-day moving average price of $9.43 and a 200 day moving average price of $8.14.

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.