Wall Street Zen Begins Coverage on Cantaloupe (NASDAQ:USAT)

Equities research analysts at Wall Street Zen assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of NASDAQ USAT opened at $8.48 on Wednesday. The company has a market cap of $602.75 million, a P/E ratio of -17.67 and a beta of 2.25. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The firm has a 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $8.78.

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.