Cantaloupe (NASDAQ:USAT) Trading Down 0.4% - What's Next?

Key Points

• Cantaloupe Inc (NASDAQ:USAT) saw a share price decline of 0.4%, trading at $10.81 after a previous close of $10.85.
• The stock experienced an *increased trading volume*, with over 4 million shares traded, a notable rise of 1,316% compared to its average volume.
• Wall Street Zen has initiated coverage on Cantaloupe, assigning a "hold" rating as part of its forecast for the company's growth.

Cantaloupe Inc (NASDAQ:USAT - Get Free Report)'s share price fell 0.4% during trading on Tuesday . The stock traded as low as $10.79 and last traded at $10.81. 4,122,829 shares were traded during mid-day trading, an increase of 1,316% from the average session volume of 291,261 shares. The stock had previously closed at $10.85.

Wall Street Analysts Forecast Growth

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

Cantaloupe Trading Down 0.4%

The stock has a market cap of $768.36 million, a P/E ratio of -22.52 and a beta of 2.25. The company's fifty day simple moving average is $10.98 and its 200-day simple moving average is $9.45.

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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