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

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

Cantaloupe Price Performance

Shares of NASDAQ USAT opened at $6.26 on Tuesday. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The company’s 50-day moving average is $6.65 and its 200 day moving average is $7.00. The stock has a market capitalization of $444.95 million, a P/E ratio of -13.04 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.