Stock Watch: EConnect Gains on Bullish Research Report

Econnect (Nasdaq: ECNC) rose 6 1/2 to 16 1/2 Wednesday after Independent Financial Reports, a research firm that tracks stocks with growth potential, issued a favorable report on the company. “EConnect’s growth has performed equally or outperformed all stocks on the NASDAQ, NYSE, and AMEX’s top ten for an entire week’s trading, receiving the majority of its investments from institutional investors,” the research company said.

The recent announcement that Econnect’s products will be available in 60 countries in 12 different languages is expected to give the company international attention, and the stock “should easily reach $20 to $25 a share in the very short term,” the report said.

Econnect deals in e-commerce products and services, including hardware, software and transaction processing.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

How often do you receive an email that you suspect is fraudulent?
Loading ... Loading ...

E-Commerce Times Channels