Cantaloupe (NASDAQ:USAT) Trading Down 0.6% – Time to Sell?

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

Cantaloupe Price Performance

The business has a fifty day moving average of $10.60 and a 200-day moving average of $10.76. The stock has a market cap of $752.02 million, a PE ratio of -22.04 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.

Further Reading

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