CardConnect Corp. (CCN) Coverage Initiated by Analysts at Cantor Fitzgerald
Investment analysts at Cantor Fitzgerald began coverage on shares of CardConnect Corp. (NASDAQ:CCN) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.
Several other research analysts also recently commented on the stock. BTIG Research assumed coverage on shares of CardConnect Corp. in a report on Friday, September 23rd. They issued a “buy” rating and a $14.00 target price on the stock. Piper Jaffray Cos. assumed coverage on shares of CardConnect Corp. in a report on Friday, August 12th. They set an “overweight” rating on the stock.
Shares of CardConnect Corp. (NASDAQ:CCN) traded up 0.041% during midday trading on Friday, hitting $9.784. 2,802 shares of the company’s stock traded hands. CardConnect Corp. has a 1-year low of $8.14 and a 1-year high of $11.56. The company has a 50 day moving average price of $9.95 and a 200 day moving average price of $10.01. The firm has a market capitalization of $84.24 million and a price-to-earnings ratio of 21.888.
CardConnect Corp. Company Profile
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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