Cantaloupe (NASDAQ:USAT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a report released on Monday. The brokerage issued a hold rating on the stock.

Cantaloupe Stock Performance

USAT opened at $8.08 on Monday. The company’s 50-day simple moving average is $9.34 and its two-hundred day simple moving average is $8.17. The stock has a market capitalization of $574.32 million, a P/E ratio of -16.83 and a beta of 2.25. Cantaloupe has a 52-week low of $4.80 and a 52-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.