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CPI Card Group shares are trading lower after the company announced the pricing of its proposed secondary public offering of 2,337,323 shares shares at $21.50 per share.

Benzinga Newsdesk
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PMTS
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  1. Zacks.Com

    CPI Card Group (PMTS) Soars 7.8%: Is Further Upside Left in the Stock?

    CPI Card Group Inc. (PMTS) shares jumped 7.8% to $24.26 in the last trading session on strong volume, driven by its dominant U.S. market position, long-standing customer relationships, and comprehensive payment card capabilities. The company is expected to report quarterly earnings of $0.84 per share (+78.7% YoY) with revenues of $149.3 million (+8.2% YoY). However, the consensus EPS estimate has remained unchanged over the last 30 days, which may limit further near-term upside without positive earnings revisions.

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