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

StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Cantaloupe Trading Down 0.6 %

Cantaloupe stock opened at $7.78 on Tuesday. The stock has a market cap of $552.99 million, a P/E ratio of -16.21 and a beta of 2.25. The company has a fifty day simple moving average of $7.03 and a 200-day simple moving average of $6.79. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94.

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.