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

StockNews.com began coverage on shares of Cantaloupe (NASDAQ:USAT) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Cantaloupe Stock Down 6.9%

Shares of NASDAQ:USAT opened at $7.70 on Tuesday. The firm has a market cap of $547.31 million, a PE ratio of -16.04 and a beta of 2.25. The company’s 50 day moving average price is $7.88 and its two-hundred day moving average price is $8.84. 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.