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 Monday morning. The brokerage issued a hold rating on the stock.

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $9.00 on Monday. The company has a market capitalization of $639.71 million, a P/E ratio of -18.75 and a beta of 2.25. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The company’s fifty day moving average is $8.58 and its two-hundred day moving average is $7.49.

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.