Cantaloupe (NASDAQ:USAT) Receives New Coverage from Analysts at StockNews.com

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

Cantaloupe Price Performance

NASDAQ USAT opened at $5.80 on Wednesday. The stock’s 50 day simple moving average is $6.44 and its 200-day simple moving average is $6.95. The company has a market cap of $412.26 million, a PE ratio of -12.08 and a beta of 2.25. Cantaloupe has a 1-year low of $4.80 and a 1-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.