CPI Card Group (PMTS) Sets New 52-Week High and Low at $2.36

CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) reached a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $2.36 and last traded at $2.38, with a volume of 17274 shares trading hands. The stock had previously closed at $2.42.

PMTS has been the subject of several research analyst reports. Zacks Investment Research lowered CPI Card Group from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered CPI Card Group from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.75.

The company has a debt-to-equity ratio of -2.54, a current ratio of 2.59 and a quick ratio of 2.12. The company has a market capitalization of $27.06, a PE ratio of -8.03 and a beta of -0.56.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last issued its quarterly earnings results on Monday, March 12th. The credit services provider reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.15. The firm had revenue of $64.96 million for the quarter, compared to the consensus estimate of $60.44 million. equities analysts predict that CPI Card Group Inc will post -0.82 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in CPI Card Group stock. State Street Corp lifted its stake in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) by 37.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,496 shares of the credit services provider’s stock after buying an additional 100,594 shares during the period. State Street Corp owned approximately 0.67% of CPI Card Group worth $1,062,000 as of its most recent SEC filing. 11.55% of the stock is currently owned by hedge funds and other institutional investors.

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About CPI Card Group

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.

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