CPI Card Group (PMTS) Downgraded to “Hold” at ValuEngine

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ValuEngine lowered shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a buy rating to a hold rating in a report released on Friday morning, ValuEngine reports.

Shares of PMTS stock opened at $2.53 on Friday. The stock has a market capitalization of $29.02 million, a price-to-earnings ratio of -3.24 and a beta of 1.38. CPI Card Group has a 52 week low of $1.93 and a 52 week high of $4.18.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings data on Thursday, May 9th. The credit services provider reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.26. The company had revenue of $66.87 million during the quarter, compared to the consensus estimate of $57.99 million. On average, equities analysts forecast that CPI Card Group will post -0.88 EPS for the current year.

An institutional investor recently bought a new position in CPI Card Group stock. Emerald Mutual Fund Advisers Trust purchased a new stake in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,921 shares of the credit services provider’s stock, valued at approximately $119,000. Emerald Mutual Fund Advisers Trust owned 0.31% of CPI Card Group as of its most recent SEC filing. 5.70% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through U.S. Debit and Credit, U.S. Prepaid Debit, and Other segments. The U.S. Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing banks in the United States.

Further Reading: Stock Split

To view ValuEngine’s full report, visit ValuEngine’s official website.

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