BTIG Research started coverage on shares of CardConnect Corp. (NASDAQ:CCN) in a report issued on Friday, StockTargetPrices.com reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.
Separately, Piper Jaffray Cos. initiated coverage on CardConnect Corp. in a research report on Friday, August 12th. They set an overweight rating on the stock.
Shares of CardConnect Corp. (NASDAQ:CCN) opened at 9.75 on Friday. CardConnect Corp. has a 52-week low of $8.14 and a 52-week high of $11.56. The company has a 50-day moving average of $9.96 and a 200 day moving average of $10.01. The firm has a market cap of $83.95 million and a P/E ratio of 21.81.
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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