CoreCard Corporation (NYSE:CCRD - Get Free Report)'s stock price dropped 2.5% during trading on Friday . The stock traded as low as $27.74 and last traded at $28.11. Approximately 761,585 shares traded hands during mid-day trading, an increase of 1,778% from the average daily volume of 40,563 shares. The stock had previously closed at $28.83.
CoreCard Price Performance
The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.96 and a current ratio of 4.96. The company's 50 day moving average price is $24.84 and its 200 day moving average price is $22.48. The company has a market cap of $219.00 million, a price-to-earnings ratio of 32.69 and a beta of 0.68.
Institutional Investors Weigh In On CoreCard
Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of CoreCard by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,117 shares of the company's stock valued at $769,000 after purchasing an additional 12,762 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of CoreCard by 21.6% in the first quarter. Acadian Asset Management LLC now owns 229,786 shares of the company's stock valued at $4,289,000 after buying an additional 40,842 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of CoreCard by 60.3% in the first quarter. Jane Street Group LLC now owns 24,884 shares of the company's stock valued at $466,000 after buying an additional 9,359 shares during the last quarter. Apis Capital Advisors LLC raised its holdings in shares of CoreCard by 2.8% in the first quarter. Apis Capital Advisors LLC now owns 141,000 shares of the company's stock valued at $2,638,000 after buying an additional 3,872 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of CoreCard by 42.4% in the first quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company's stock valued at $211,000 after buying an additional 3,368 shares during the last quarter. Institutional investors and hedge funds own 43.90% of the company's stock.
About CoreCard
(
Get Free Report)
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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