Barrington Research Initiates Coverage On CPI Card Group Inc to Market Perform

Barrington Research Initiates Coverage On CPI Card Group Inc(PMTS). The shares have been rated Market Perform. The rating by the stock financial advisor at Barrington Research was issued on Feb 13, 2017 in a research report to their Investors and Clients.

CPI Card Group Inc (PMTS) shares turned negative on Wednesdays trading session with the shares closing down -0.3 points or -6.25% at a volume of 1,56,865. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.85. The peak price level was also seen at $4.85 while the days lowest was $4.45. Finally the shares closed at $4.5. The 52-week high of the shares is $9.25 while the 52-week low is $3.25. According to the latest information available, the market cap of the company is $249 M.

CPI Card Group Inc(PMTS) last announced its earnings results on Nov 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $81.20M. Analysts had an estimated revenue of $85.78M. Earnings per share were $0.11. The reported EPS was above estimates by $0.04 or NaN%. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Nov 17, 2016, Silvio Tavares (director) purchased 25,000 shares at $3.76 per share price.Also, On Nov 16, 2016, Diane Fulton (director) purchased 4,000 shares at $3.81 per share price.On Jun 16, 2016, Doug Pearce (director) purchased 8,300 shares at $4.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Cpi Card Group Inc is a United States-based global provider of payment solutions including card production card personalization mobile technologies and fulfillment services. It manufactures secured contactless smart cards and provides Financial Institutions with a range of products including contactless smart card using radio-frequency identification (RFID) contactless RFID stickers Europay MasterCard and Visa (EMV) cards MicroSD contactless physical access cards and contactless FOB. The Company’s packaging services include card and package design card manufacturing and personalization secure packaging and distribution for multiple industries. It offers a suite of solutions for smart card programs in the financial commercial transit and government sectors. The Company offers a range of mailing and fulfillment solutions to compliment any type of card program. Its mailing and fulfillment solutions include packaging personalization and fulfillment.

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