EZCORP Inc (NASDAQ:EZPW) saw an uptick in trading volume on Thursday following a better than expected earnings announcement. 2,802,801 shares were traded during trading, an increase of 389% from the previous session’s volume of 573,188 shares.The stock last traded at $9.86 and had previously closed at $9.11.

The credit services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. EZCORP had a net margin of 6.41% and a return on equity of 6.90%. The business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $196.50 million. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year.

A number of research firms have recently commented on EZPW. BidaskClub cut shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of EZCORP from a “strong sell” rating to a “hold” rating in a research report on Friday, September 7th. Finally, ValuEngine cut shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of EZCORP by 2.6% in the first quarter. Principal Financial Group Inc. now owns 394,694 shares of the credit services provider’s stock worth $5,210,000 after buying an additional 9,857 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of EZCORP in the second quarter worth $1,165,000. James Investment Research Inc. bought a new stake in shares of EZCORP in the second quarter worth $1,995,000. Hartford Investment Management Co. bought a new stake in shares of EZCORP in the second quarter worth $217,000. Finally, Acadian Asset Management LLC bought a new stake in shares of EZCORP in the second quarter worth $1,585,000.

The company has a current ratio of 2.72, a quick ratio of 2.16 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $499.98 million, a PE ratio of 15.90 and a beta of 1.46.

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About EZCORP (NASDAQ:EZPW)

EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.

Further Reading: Average Daily Trade Volume – What You Need to Know

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