CPI Card Group Inc. (PMTS) Sees Unusually-High Trading Volume
Shares of CPI Card Group Inc. (NASDAQ:PMTS) saw unusually-high trading volume on Thursday . Approximately 340,804 shares changed hands during trading, an increase of 32% from the previous session’s volume of 258,126 shares.The stock last traded at $4.85 and had previously closed at $4.82.
PMTS has been the subject of a number of recent research reports. Goldman Sachs Group Inc. downgraded shares of CPI Card Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $7.00 in a research report on Thursday, May 12th. Robert W. Baird downgraded shares of CPI Card Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $4.00 in a research report on Thursday, May 12th. Craig Hallum initiated coverage on shares of CPI Card Group in a research report on Monday, June 27th. They set a “buy” rating and a $8.00 price objective for the company. Zacks Investment Research raised shares of CPI Card Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 18th. Finally, CIBC cut shares of CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. CPI Card Group presently has an average rating of “Hold” and a consensus price target of $9.25.
The company has a market cap of $269.01 million and a price-to-earnings ratio of 23.87. The company has a 50 day moving average of $4.74 and a 200 day moving average of $6.32.
CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $73.70 million for the quarter, compared to analyst estimates of $69.45 million. CPI Card Group’s revenue was down 22.8% on a year-over-year basis. On average, equities analysts forecast that CPI Card Group Inc. will post $0.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.70%.
In related news, CEO Steve Montross purchased 25,000 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was acquired at an average price of $4.36 per share, with a total value of $109,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,544,143 shares in the company, valued at approximately $6,732,463.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Doug Pearce purchased 8,300 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was bought at an average cost of $4.49 per share, with a total value of $37,267.00. Following the acquisition, the director now owns 5,125 shares of the company’s stock, valued at approximately $23,011.25. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in CPI Card Group stock. Bank of Montreal Can purchased a new position in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned approximately 0.33% of CPI Card Group as of its most recent SEC filing.
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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