Cantaloupe Inc (NASDAQ:USAT - Get Free Report) shares shot up 4.6% on Wednesday . The stock traded as high as $9.90 and last traded at $9.82. 1,309,804 shares changed hands during mid-day trading, an increase of 350% from the average session volume of 291,261 shares. The stock had previously closed at $9.39.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on shares of Cantaloupe in a report on Wednesday, May 21st. They issued a "hold" rating for the company.
Check Out Our Latest Report on USAT
Cantaloupe Stock Performance
The company has a 50-day moving average of $8.09 and a 200-day moving average of $8.72. The firm has a market capitalization of $700.84 million, a price-to-earnings ratio of -20.54 and a beta of 2.25.
Cantaloupe Company Profile
(
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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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