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

StockNews.com started coverage on shares of Cantaloupe (NASDAQ:USAT) in a report published on Sunday. The firm issued a hold rating on the stock.

Cantaloupe Stock Performance

USAT stock opened at $6.39 on Friday. The company’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $6.72. Cantaloupe has a 52 week low of $4.80 and a 52 week high of $12.94. The company has a market capitalization of $454.19 million, a PE ratio of -13.31 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.