Cardtronics (CATM) has risen sharply, recording gains of 4.82% in the past 4 weeks. However, the stock has corrected -1.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.42% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Cardtronics plc is up 23.04% in the last 3-month period. Year-to-Date the stock performance stands at 35.84%. The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 7.36%.
Cardtronics (NASDAQ:CATM): The stock opened at $46.62 on Friday but the bulls could not build on the opening and the stock topped out at $46.85 for the day. The stock traded down to $45.02 during the day, due to lack of any buying support eventually closed down at $45.71 with a loss of -3.65% for the day. The stock had closed at $47.44 on the previous day. The total traded volume was 354,970 shares.
Also, In a research note released to the investors, JP Morgan downgrades its rating on Cardtronics (NASDAQ:CATM).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on August 19, 2016.
Cardtronics, Inc. (Cardtronics) provides automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Companys operations consist of its U.S., Europe and Other International segments. Its U.S. segment includes the Companys operations in all 50 states, Puerto Rico and the U.S. Virgin Islands. Its Europe segment includes the Companys operations in the United Kingdom and Germany. The Companys Other International segment includes its operations in Mexico and Canada. Under the managed services arrangement, retailers, financial institutions, and ATM distributors rely on the Company to handle some or all of the operational aspects associated with operating and maintaining ATMs. The Company deploys and operates devices under three arrangements with its retail partners: Company-owned ATM placements, merchant-owned ATM placements and managed services.