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

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

Cantaloupe Stock Performance

Cantaloupe stock opened at $8.87 on Wednesday. The firm has a market cap of $630.47 million, a price-to-earnings ratio of -18.48 and a beta of 2.25. Cantaloupe has a 1 year low of $4.80 and a 1 year high of $12.94. The firm’s 50 day moving average price is $7.15 and its two-hundred day moving average price is $6.89.

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.