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

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

Cantaloupe Trading Down 2.0 %

NASDAQ USAT opened at $8.15 on Monday. Cantaloupe has a 12 month low of $4.80 and a 12 month high of $12.94. The stock has a 50 day moving average of $9.34 and a 200-day moving average of $8.17. The company has a market cap of $579.29 million, a PE ratio of -16.98 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.