Shares of Online Resources Co. (NASDAQ:ORCC) hit a new 52-week high on Wednesday . The stock traded as high as $15.99 and last traded at $15.90, with a volume of 33763 shares. The stock had previously closed at $15.66.
Separately, Compass Point initiated coverage on Online Resources in a research note on Thursday, July 18th. They issued a “neutral” rating on the stock.
Online Resources Company Profile (NASDAQ:ORCC)
Online Resources Corporation is engaged in providing outsourced, Web and phone based financial technology services to financial institution, biller, card issuer and creditor clients. The Company operates in two segments: Banking and e-Commerce. The Company’s products and services enable the Company’s clients to provide their consumer end users with the ability to perform various self-service functions, including electronic bill payments and funds transfers, which utilize its real-time debit architecture, automated clearing house (ACH) and other payment methods, as well as gain online access to their accounts, transaction histories and other information.
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