Cardtronics (NASDAQ:CATM) Share Price Passes Above 50-Day Moving Average of $30.79

Cardtronics PLC (NASDAQ:CATM) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.79 and traded as high as $27.09. Cardtronics shares last traded at $27.06, with a volume of 3,120 shares traded.

A number of brokerages have recently weighed in on CATM. Zacks Investment Research raised shares of Cardtronics from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Wells Fargo & Co lifted their price target on shares of Cardtronics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Barrington Research reissued a “buy” rating and set a $40.00 price target on shares of Cardtronics in a research report on Monday, April 29th. ValuEngine cut shares of Cardtronics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Finally, BidaskClub raised shares of Cardtronics from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $40.25.

The company has a debt-to-equity ratio of 2.33, a current ratio of 0.77 and a quick ratio of 0.74. The company has a 50-day simple moving average of $30.64. The stock has a market capitalization of $1.24 billion, a P/E ratio of 14.53, a P/E/G ratio of 3.81 and a beta of 1.42.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Cardtronics had a net margin of 0.81% and a return on equity of 20.70%. The business had revenue of $318.30 million for the quarter, compared to analyst estimates of $310.99 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities analysts predict that Cardtronics PLC will post 1.76 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Argent Capital Management LLC acquired a new stake in shares of Cardtronics during the first quarter worth $1,972,000. Rhumbline Advisers raised its holdings in shares of Cardtronics by 21.9% during the fourth quarter. Rhumbline Advisers now owns 109,062 shares of the business services provider’s stock worth $2,836,000 after acquiring an additional 19,611 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Cardtronics by 195.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 96,015 shares of the business services provider’s stock worth $2,496,000 after acquiring an additional 63,531 shares during the period. Geode Capital Management LLC raised its holdings in shares of Cardtronics by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 434,060 shares of the business services provider’s stock worth $11,285,000 after acquiring an additional 6,950 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Cardtronics during the fourth quarter worth $1,373,000.

About Cardtronics (NASDAQ:CATM)

Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.

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