CPI Card Group (PMTS) Cut to Sell at Zacks Investment Research

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

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. “

Separately, ValuEngine cut shares of CPI Card Group from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.75.

Shares of CPI Card Group stock opened at $2.42 on Wednesday. The firm has a market cap of $27.06, a price-to-earnings ratio of -7.81 and a beta of -0.56. CPI Card Group has a 52 week low of $2.38 and a 52 week high of $18.75. The company has a debt-to-equity ratio of -2.54, a current ratio of 2.59 and a quick ratio of 2.12.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last issued its earnings results on Monday, March 12th. The credit services provider reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.15. The business had revenue of $64.96 million for the quarter, compared to the consensus estimate of $60.44 million. sell-side analysts forecast that CPI Card Group will post -0.82 EPS for the current year.

An institutional investor recently bought a new position in CPI Card Group stock. Millennium Management LLC purchased a new stake in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 120,416 shares of the credit services provider’s stock, valued at approximately $442,000. Millennium Management LLC owned 1.08% of CPI Card Group as of its most recent SEC filing. Hedge funds and other institutional investors own 11.55% of the company’s stock.

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CPI Card Group Company Profile

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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