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CPI Card Group Inc. (PMTS) Catches Eye: Stock Jumps 6.7%

Zacks Equity Research

CPI Card Group Inc. PMTS was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $0.97–$1.22 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen 4x negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

CPI Card Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

CPI Card Group Inc. Price and Consensus



CPI Card Group Inc. Price and Consensus | CPI Card Group Inc. Quote

A better ranked stock in the Technology Services industry is Luna Innovations Incorporated LUNA which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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