Cantaloupe (NASDAQ:USAT) Stock Price Up 0.9% – Here’s Why

Shares of Cantaloupe Inc (NASDAQ:USAT) shot up 0.9% during mid-day trading on Thursday . The company 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 stock has a 50 day moving average price of $10.67 and a 200 day moving average price of $10.71. The company has a market cap of $726.43 million, a P/E ratio of -21.29 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.