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

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

Cantaloupe Stock Up 2.5 %

NASDAQ USAT opened at $7.71 on Tuesday. The stock has a market capitalization of $548.02 million, a PE ratio of -16.06 and a beta of 2.25. The company has a 50 day moving average price of $9.09 and a two-hundred day moving average price of $8.83. Cantaloupe has a 12-month low of $4.80 and a 12-month high of $12.94.

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.