EZCORP (EZPW) Sets New 52-Week High at $13.88
Shares of EZCORP Inc (NASDAQ:EZPW) reached a new 52-week high during trading on Monday . The stock traded as high as $13.88 and last traded at $13.90, with a volume of 340298 shares changing hands. The stock had previously closed at $13.55.
EZPW has been the subject of several analyst reports. ValuEngine raised EZCORP from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded EZCORP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. BidaskClub downgraded EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of EZCORP in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $13.50.
The company has a debt-to-equity ratio of 0.44, a quick ratio of 5.47 and a current ratio of 7.77. The firm has a market cap of $737.99, a P/E ratio of 19.86 and a beta of 1.62.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new position in EZCORP during the 3rd quarter worth approximately $114,000. PEAK6 Investments L.P. acquired a new position in EZCORP during the 4th quarter worth approximately $135,000. Advisor Group Inc. increased its position in EZCORP by 222.2% during the 4th quarter. Advisor Group Inc. now owns 14,500 shares of the credit services provider’s stock worth $177,000 after purchasing an additional 10,000 shares during the period. Crossmark Global Holdings Inc. acquired a new position in EZCORP during the 3rd quarter worth approximately $188,000. Finally, Voya Investment Management LLC increased its position in EZCORP by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock worth $202,000 after purchasing an additional 3,208 shares during the period. Institutional investors own 92.48% of the company’s stock.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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