B. Riley downgraded shares of CoreCard (NYSE:CCRD – Free Report) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have $15.00 target price on the stock, down from their prior target price of $19.00.
CoreCard Stock Up 0.7 %
Shares of NYSE CCRD opened at $13.51 on Thursday. The firm has a market capitalization of $110.26 million, a price-to-earnings ratio of 45.03 and a beta of 0.41. The stock has a 50 day moving average price of $13.80 and a 200 day moving average price of $13.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.08. CoreCard has a 52-week low of $10.02 and a 52-week high of $21.93.
CoreCard (NYSE:CCRD – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $13.80 million during the quarter, compared to analyst estimates of $12.13 million. CoreCard had a net margin of 3.03% and a return on equity of 4.87%. During the same quarter in the previous year, the firm earned $0.22 EPS. Sell-side analysts expect that CoreCard will post 0.48 earnings per share for the current year.
Institutional Investors Weigh In On CoreCard
CoreCard Company Profile
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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