Cantaloupe Inc (NASDAQ:USAT – Get Free Report)’s share price shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $10.59 and last traded at $10.56. 1,022,301 shares traded hands during trading, an increase of 251% from the average session volume of 291,261 shares. The stock had previously closed at $10.47.
Cantaloupe Stock Performance
The business’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $10.71. The stock has a market cap of $750.59 million, a price-to-earnings ratio of -22.00 and a beta of 2.25.
About Cantaloupe
Cantaloupe, Inc (NASDAQ: USAT) is a technology company specializing in cashless payment and Internet of Things (IoT) solutions for unattended retail and self-service industries. Formerly known as USA Technologies, the company rebranded to Cantaloupe in mid-2021 to reflect its broader focus on integrated hardware, software, and network services. Cantaloupe connects merchants, operators, and distributors through a unified platform designed to enhance payment flexibility, streamline operations, and deliver real-time data insights.
The company’s core offerings include cashless payment terminals that accept credit/debit cards, mobile wallets, and contactless payment options.
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