Cardtronics, Inc. (CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
It operates through U.S., Europe, and Other International segments. The company offers cash dispensing and bank account balance inquiries, as well as other consumer financial services, including bill payments, check cashing, remote deposit capture services, and money transfer services.
It also provides various forms of managed services solutions, such as monitoring, maintenance, cash management, communications, customer service, and transaction processing services to operate ATMs and financial services kiosks for its merchant customers.
In addition, the company offers surcharge-free ATM access to customers of participating financial institutions; and owns and operates an electronic funds transfer transaction processing platform that provides transaction processing services to its network of ATMs and financial services kiosks, as well as other ATMs under managed services arrangements. As of December 31, 2013, it owned and operated approximately 80,600 retail ATMs in the United States, the United Kingdom, Germany, Canada, and Mexico.
Shares have formed a bullish "flag" following the company's better than expected results. Higher share prices are expected for this stock.
52-Week Trading Range: $28.03 - $44.46
Entry Point: $38.00
Stop Loss: $36.10
Target Price: $41.80
CATM fell below our stop loss. Closed at $36.00.