Composecure (NYSE:GPGI – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.
Several other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Composecure from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Composecure in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $15.00.
Composecure Stock Up 9.7%
Shares of Composecure stock opened at $12.81 on Tuesday. Composecure has a 52 week low of $10.43 and a 52 week high of $26.50. The business has a 50 day moving average price of $12.49 and a 200-day moving average price of $13.91. The company has a market cap of $3.71 billion, a PE ratio of 16.69 and a beta of 0.93.
Composecure (NYSE:GPGI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. As a group, research analysts anticipate that Composecure will post 0.93 EPS for the current year.
About Composecure
CompoSecure, Inc designs and manufactures premium metal payment cards and related financial technology products. Its offerings are used by banks, credit-card issuers, fintech companies and other brands seeking to provide differentiated card experiences.
The company also develops Arculus, a digital asset security platform that includes a hardware wallet and related authentication technology. Arculus is designed to help users securely store and manage digital assets while supporting passwordless identity and access applications.
CompoSecure was founded in 2000 and is headquartered in Somerset, New Jersey.
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