CoreCard Co. (NYSE:CCRD – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 620,300 shares, an increase of 6.9% from the March 15th total of 580,200 shares. Based on an average daily trading volume, of 37,900 shares, the days-to-cover ratio is presently 16.4 days. Currently, 10.1% of the shares of the company are sold short.
CoreCard Stock Down 2.0 %
CCRD stock opened at $12.88 on Thursday. CoreCard has a twelve month low of $10.02 and a twelve month high of $29.08. The company has a market cap of $105.11 million, a PE ratio of 32.20 and a beta of 0.36. The business’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $14.01. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.02.
CoreCard (NYSE:CCRD – Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. CoreCard had a return on equity of 8.12% and a net margin of 6.06%. The business had revenue of $12.16 million for the quarter, compared to the consensus estimate of $12.60 million. On average, research analysts anticipate that CoreCard will post 0.12 earnings per share for the current year.
Institutional Investors Weigh In On CoreCard
About CoreCard
CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.
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