Cantaloupe (NASDAQ:USAT) Trading 0.9% Higher – Here’s What Happened

Cantaloupe Inc (NASDAQ:USATGet Free Report)’s share price shot up 0.9% during trading on Tuesday . The company traded as high as $10.77 and last traded at $10.70. 1,797,050 shares were traded during mid-day trading, an increase of 517% from the average session volume of 291,261 shares. The stock had previously closed at $10.60.

Cantaloupe Stock Up 0.9%

The company has a fifty day simple moving average of $10.51 and a 200-day simple moving average of $10.59. The firm has a market cap of $760.55 million, a P/E ratio of -22.29 and a beta of 2.25.

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.

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