Composecure (NYSE:GPGI) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Composecure (NYSE:GPGI) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks reports.

A number of other equities research analysts have also weighed in on GPGI. Wall Street Zen raised shares of Composecure from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Composecure in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Composecure has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Composecure Stock Up 1.6%

Shares of GPGI stock opened at $13.18 on Monday. The stock has a fifty day moving average of $13.17 and a 200 day moving average of $14.19. Composecure has a 52 week low of $11.16 and a 52 week high of $26.78. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -6.69 and a beta of 0.89.

Composecure (NYSE:GPGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Equities research analysts anticipate that Composecure will post 0.93 earnings per share for the current year.

Composecure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.0025 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.01 annualized dividend and a yield of 0.1%. Composecure’s dividend payout ratio (DPR) is currently -0.51%.

Composecure Company Profile

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.