Media headlines about CardConnect Corp (NASDAQ:CCN) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CardConnect Corp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.5501939295826 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of CardConnect Corp (CCN) remained flat at $15.05 during mid-day trading on Tuesday. 80,112 shares of the stock traded hands. The firm has a 50 day moving average price of $14.69 and a 200 day moving average price of $13.83. CardConnect Corp has a 52-week low of $8.14 and a 52-week high of $15.25.
CCN has been the topic of several research analyst reports. Zacks Investment Research raised CardConnect Corp from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, June 5th. Craig Hallum lowered CardConnect Corp from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Tuesday, May 30th. Finally, Cowen and Company lowered CardConnect Corp from an “outperform” rating to a “market perform” rating and cut their price target for the company from $17.00 to $15.00 in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CardConnect Corp currently has an average rating of “Buy” and an average target price of $16.17.
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CardConnect Corp Company Profile
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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