Cantaloupe (NASDAQ:USAT) Trading 0.3% Higher - Here's What Happened

Key Points

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Cantaloupe Inc (NASDAQ:USAT - Get Free Report) shares traded up 0.3% during trading on Monday . The company traded as high as $10.93 and last traded at $10.92. 3,371,724 shares traded hands during mid-day trading, an increase of 1,058% from the average session volume of 291,261 shares. The stock had previously closed at $10.89.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on Cantaloupe in a research note on Wednesday, May 21st. They issued a "hold" rating for the company.

Cantaloupe Trading Up 0.3%

The company has a market cap of $776.18 million, a PE ratio of -22.75 and a beta of 2.25. The stock has a 50 day moving average price of $10.85 and a 200 day moving average price of $9.34.

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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