CPI Card Group (NASDAQ:PMTS) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research downgraded shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a buy rating to a hold rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “

PMTS has been the topic of several other research reports. ValuEngine cut shares of CPI Card Group from a buy rating to a hold rating in a research note on Friday, June 28th. Barrington Research restated a hold rating on shares of CPI Card Group in a research note on Wednesday, July 3rd.

Shares of CPI Card Group stock opened at $2.44 on Friday. The company has a market cap of $27.90 million, a PE ratio of -3.13 and a beta of 1.15. The stock has a 50-day moving average price of $2.63. CPI Card Group has a 1 year low of $1.95 and a 1 year high of $4.18.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings results on Thursday, May 9th. The credit services provider reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.26. The firm had revenue of $66.87 million during the quarter, compared to the consensus estimate of $57.99 million. As a group, sell-side analysts forecast that CPI Card Group will post -0.92 EPS for the current year.

A hedge fund recently bought a new stake in CPI Card Group stock. Emerald Mutual Fund Advisers Trust bought a new stake in shares of CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. 8.25% of the stock is owned by institutional investors.

About CPI Card Group

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.

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