A statement released earlier today by BTIG Research about CardConnect Corp (NASDAQ:CCN) raises the target price to $14.00
- Updated: September 24, 2016
Just yesterday CardConnect Corp (NASDAQ:CCN) traded 0.61% higher at $9.88. CardConnect Corp’s 50-day moving average is $9.99 and its 200-day moving average is $10.01. The last closing price is down -0.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 61,650 shares of CCN traded hands, down from an average trading volume of 108,998
In a report released on Friday September 23, 2016 BTIG Research increased the stock price target of CardConnect Corp (NASDAQ:CCN) to $14.00 reporting a possible upside of 0.42%.
Recent Performance Chart
CardConnect Corp has 52 week low of $8.14 and a 52 week high of $11.56 with a PE ratio of 22.24 and has a market capitalization of $0.
Brief Synopsis On CardConnect Corp (NASDAQ:CCN)
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. For enterprise-level organizations, CardSecure integrates omni-channel payment acceptance into several enterprise resource planning (ERP) systems, such as Oracle, SAP, JD Edwards and Infor M3. The Company's product, CardSecure, accepts both magnetic stripe and chip cards. The device can be plugged to Ethernet/Internet outlet. The Company's customers use CardPointe to view and manage transactions in real-time on any computer or mobile device. CardSecure P2PE protects the network and connected device from being compromised by malicious malware.
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