Cantaloupe (NASDAQ:USAT) Shares Down 0.6% – Here’s What Happened

Cantaloupe Inc (NASDAQ:USATGet Free Report) dropped 0.6% during trading on Tuesday . The company traded as low as $10.58 and last traded at $10.58. Approximately 405,504 shares traded hands during trading, an increase of 39% from the average daily volume of 291,261 shares. The stock had previously closed at $10.64.

Cantaloupe Stock Performance

The stock has a market cap of $752.02 million, a P/E ratio of -22.04 and a beta of 2.25. The stock’s fifty day moving average is $10.60 and its 200 day moving average is $10.76.

About Cantaloupe

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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.

Further Reading

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