CPI Card Group (NASDAQ:PMTS) Downgraded by ValuEngine

ValuEngine downgraded shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a buy rating to a hold rating in a report issued on Friday, May 10th, ValuEngine reports.

Shares of NASDAQ:PMTS traded down $0.01 during trading hours on Friday, hitting $2.75. 1,908 shares of the company’s stock traded hands, compared to its average volume of 15,937. CPI Card Group has a 1 year low of $1.93 and a 1 year high of $4.18. The firm has a market capitalization of $30.82 million, a PE ratio of -3.53 and a beta of 1.38.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its earnings results on Thursday, May 9th. The credit services provider reported ($0.28) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.26. The business had revenue of $66.87 million for the quarter, compared to analysts’ expectations of $57.99 million. Analysts expect that CPI Card Group will post -0.92 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in CPI Card Group stock. Renaissance Technologies LLC increased its holdings in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) by 36.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,338 shares of the credit services provider’s stock after buying an additional 26,200 shares during the period. Renaissance Technologies LLC owned about 0.88% of CPI Card Group worth $336,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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

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