Cantaloupe Inc (NASDAQ:USAT - Get Free Report) shares shot up 0.3% during trading on Thursday . The stock traded as high as $11.10 and last traded at $11.04. 1,669,946 shares traded hands during trading, an increase of 473% from the average session volume of 291,261 shares. The stock had previously closed at $11.01.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on shares of Cantaloupe in a research note on Wednesday, May 21st. They set a "hold" rating on the stock.
Check Out Our Latest Analysis on Cantaloupe
Cantaloupe Stock Up 0.3%
The company's fifty day moving average is $9.22 and its two-hundred day moving average is $8.88. The firm has a market capitalization of $786.84 million, a price-to-earnings ratio of -23.06 and a beta of 2.25.
About Cantaloupe
(
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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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