Cantaloupe (NASDAQ:USAT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Cantaloupe (NASDAQ:USAT) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

Cantaloupe Stock Performance

Shares of NASDAQ:USAT opened at $9.05 on Wednesday. Cantaloupe has a one year low of $4.80 and a one year high of $12.94. The company has a 50-day simple moving average of $9.08 and a 200-day simple moving average of $7.69. The stock has a market capitalization of $643.26 million, a price-to-earnings ratio of -19.02 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.