CPI Card's stock plummets toward record low as disappointing results prompt a downgrade
CPI Card Group Inc.'s stock plummeted 44% toward a record low in premarket trade Thursday, after the chip card maker missed profit and sales expectations, and provided a downbeat outlook. The disappointing results prompted analyst David Koning at Robert W. Baird to downgrade CPI to neutral from outperform, and cut the stock price target to $4 from $14. CPI reported late Wednesday earnings of $5.7 million, or 10 cents a share, compared with a loss of $6.4 million, or 16 cents a share, in the same period a year earlier. Читать дальше...