CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) was the recipient of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 278,600 shares, a growth of 10.6% from the November 14th total of 251,800 shares. Based on an average daily trading volume, of 34,000 shares, the short-interest ratio is currently 8.2 days. Approximately 6.2% of the company’s stock are short sold.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded CPI Card Group from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a report on Wednesday, November 27th. ValuEngine downgraded CPI Card Group from a “hold” rating to a “sell” rating in a report on Monday, November 25th.
An institutional investor recently raised its position in CPI Card Group stock. Wells Fargo & Company MN increased its position in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) by 90,909.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,011 shares of the credit services provider’s stock after buying an additional 10,000 shares during the period. Wells Fargo & Company MN owned 0.09% of CPI Card Group worth $25,000 at the end of the most recent reporting period. 8.67% of the stock is owned by institutional investors and hedge funds.
NASDAQ:PMTS traded up $0.01 during mid-day trading on Friday, reaching $0.89. The stock had a trading volume of 22,258 shares, compared to its average volume of 58,191. The business’s 50 day moving average is $1.39 and its 200 day moving average is $2.30. CPI Card Group has a fifty-two week low of $0.77 and a fifty-two week high of $4.02. The stock has a market cap of $9.99 million, a P/E ratio of -1.14 and a beta of 0.82.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings data on Wednesday, November 6th. The credit services provider reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $71.68 million during the quarter, compared to analyst estimates of $76.37 million. Research analysts predict that CPI Card Group will post -0.47 earnings per share for the current fiscal year.
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.
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