Cantaloupe (NASDAQ:USAT) Shares Down 0.3% - Here's Why

Key Points

• Cantaloupe Inc. shares dropped by 0.3% to $10.57 on Wednesday, with trading volumes significantly increased at 881,525 shares, representing a 203% rise over the average.
• The company has a market cap of $751.31 million, a PE ratio of -22.02, and indicates high volatility with a beta of 2.25.
• Cantaloupe provides end-to-end technology solutions for the unattended retail market, incorporating IoT and M2M services for remote management of payment solutions.

Shares of Cantaloupe Inc (NASDAQ:USAT - ) fell 0.3% on Wednesday . The company traded as low as $10.57 and last traded at $10.57. 881,525 shares traded hands during trading, an increase of 203% from the average session volume of 291,261 shares. The stock had previously closed at $10.60.

Cantaloupe Stock Down 0.3%

The firm has a market cap of $751.31 million, a PE ratio of -22.02 and a beta of 2.25. The stock has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $9.59.

Cantaloupe Company Profile

Cantaloupe, Inc is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. It offers Internet of Things (IoT) and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions.

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