CPI Card Group (NASDAQ:PMTS) Trading Up 14.3%

Shares of CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) were up 14.3% during trading on Monday . The company traded as high as $3.19 and last traded at $2.87, approximately 213,532 shares changed hands during mid-day trading. An increase of 2,936% from the average daily volume of 7,034 shares. The stock had previously closed at $2.51.

A number of research analysts have recently commented on PMTS shares. Zacks Investment Research cut shares of CPI Card Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. ValuEngine cut shares of CPI Card Group from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Barrington Research reissued a “hold” rating on shares of CPI Card Group in a report on Wednesday, July 3rd.

The stock has a market cap of $32.21 million, a P/E ratio of -3.68 and a beta of 1.15. The business’s fifty day moving average price is $2.56 and its 200 day moving average price is $2.90.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its earnings results on Wednesday, August 7th. The credit services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.31. The company had revenue of $66.90 million during the quarter, compared to the consensus estimate of $67.05 million. Research analysts expect that CPI Card Group Inc will post -0.5 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Balter Liquid Alternatives LLC raised its holdings in CPI Card Group by 11.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 66,201 shares of the credit services provider’s stock valued at $170,000 after buying an additional 7,047 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in CPI Card Group in the 1st quarter valued at approximately $119,000. Finally, Wells Fargo & Company MN raised its holdings in CPI Card Group by 90,909.1% in the 2nd quarter. Wells Fargo & Company MN now owns 10,011 shares of the credit services provider’s stock valued at $25,000 after buying an additional 10,000 shares during the last quarter. 8.37% of the stock is owned by hedge funds and other institutional investors.

About CPI Card Group (NASDAQ:PMTS)

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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