BTIG Research began coverage on shares of CardConnect Corp. (NASDAQ:CCN) in a research note issued to investors on Friday, StockTargetPrices.com reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.
Separately, Piper Jaffray Cos. assumed coverage on CardConnect Corp. in a research note on Friday, August 12th. They set an overweight rating on the stock.
Shares of CardConnect Corp. (NASDAQ:CCN) traded down 1.71% during trading on Friday, reaching $9.77. The company’s stock had a trading volume of 10,425 shares. The stock has a market capitalization of $84.12 million and a PE ratio of 21.86. CardConnect Corp. has a 12-month low of $8.14 and a 12-month high of $11.56. The firm’s 50-day moving average is $9.99 and its 200-day moving average is $10.01.
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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