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

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

Cantaloupe Stock Performance

USAT stock opened at $9.19 on Friday. Cantaloupe has a 1-year low of $4.80 and a 1-year high of $12.94. The business’s 50 day moving average is $8.22 and its 200-day moving average is $7.36. The firm has a market cap of $653.22 million, a P/E ratio of -19.15 and a beta of 2.25.

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.