Cantaloupe (NASDAQ:USAT) Shares Down 0.8% – Here’s Why

Cantaloupe Inc (NASDAQ:USATGet Free Report) shares fell 0.8% on Monday . The company traded as low as $10.10 and last traded at $10.27. 1,468,053 shares traded hands during mid-day trading, an increase of 404% from the average session volume of 291,261 shares. The stock had previously closed at $10.35.

Cantaloupe Price Performance

The company has a market capitalization of $729.98 million, a price-to-earnings ratio of -21.40 and a beta of 2.25. The stock has a 50 day simple moving average of $10.57 and a two-hundred day simple moving average of $10.62.

Cantaloupe Company Profile

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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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