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

StockNews.com assumed coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the stock.

Cantaloupe Price Performance

Shares of NASDAQ USAT opened at $9.08 on Tuesday. The stock has a market capitalization of $645.40 million, a price-to-earnings ratio of -18.85 and a beta of 2.25. The business has a 50-day moving average of $8.92 and a 200-day moving average of $7.62. Cantaloupe has a fifty-two week low of $4.80 and a fifty-two week high of $12.94.

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.