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

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

Cantaloupe Trading Down 1.6 %

USAT opened at $6.17 on Tuesday. The company has a market cap of $438.56 million, a P/E ratio of -12.85 and a beta of 2.25. The business’s 50-day moving average price is $6.62 and its 200-day moving average price is $6.99. 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.