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

Analysts at StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

Cantaloupe Price Performance

Shares of USAT stock opened at $7.25 on Monday. The stock has a market cap of $515.32 million, a P/E ratio of -15.10 and a beta of 2.25. The company has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $6.73. Cantaloupe has a one year low of $4.80 and a one year 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.