Cantor Fitzgerald started coverage on shares of CardConnect Corp. (NASDAQ:CCN) in a research note published on Friday, StockTargetPrices.com reports. The firm issued a buy rating on the stock.
A number of other equities analysts have also issued reports on the stock. BTIG Research initiated coverage on shares of CardConnect Corp. in a research report on Friday, September 23rd. They set a buy rating and a $14.00 target price on the stock. Piper Jaffray Cos. initiated coverage on shares of CardConnect Corp. in a research report on Friday, August 12th. They issued an overweight rating on the stock.
CardConnect Corp. (NASDAQ:CCN) traded up 0.10% during trading on Friday, reaching $9.78. 264 shares of the company’s stock were exchanged. CardConnect Corp. has a 52 week low of $8.14 and a 52 week high of $11.56. The stock has a 50-day moving average price of $9.94 and a 200 day moving average price of $10.00. The firm has a market capitalization of $84.21 million and a price-to-earnings ratio of 21.88.
About CardConnect Corp.
CardConnect Corp., formerly FinTech Acquisition Corp., is a provider of payment processing and technology solutions. The Company has developed advanced payment solutions using point-to-point encryption (P2PE) and tokenization. The Company’s small-to-midsize business offering, CardPointe, is a platform that includes a reporting and transaction management portal, which extends to a native mobile application.
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