CardConnect Corp (CCN) Given Daily Coverage Optimism Score of 0.16
News coverage about CardConnect Corp (NASDAQ:CCN) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CardConnect Corp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.6672444327547 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
CCN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of CardConnect Corp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, May 16th. Craig Hallum cut shares of CardConnect Corp from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research report on Tuesday, May 30th. Finally, Cowen and Company cut shares of CardConnect Corp from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.00 to $15.00 in a research report on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.17.
CardConnect Corp (NASDAQ:CCN) remained flat at $15.05 during midday trading on Thursday. The company’s stock had a trading volume of 80,112 shares. CardConnect Corp has a 12 month low of $8.14 and a 12 month high of $15.25. The stock has a 50 day moving average price of $14.69 and a 200-day moving average price of $13.83.
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About CardConnect Corp
CardConnect Corp., formerly FinTech Acquisition Corp., is a holding company. The Company holds interests in CardConnect, LLC. The Company is a provider of payment processing solutions to merchants throughout the United States. The Company’s segments include Merchant Acquiring Services and Other. The Company’s platform allows it to provide payment solutions, customer support and tools for its distribution partners and merchants.
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