EZCORP (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “

Several other analysts also recently issued reports on the stock. ValuEngine raised shares of EZCORP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group downgraded shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of EZCORP from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 3rd. Finally, TheStreet downgraded shares of EZCORP from a “b-” rating to a “c” rating in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

NASDAQ EZPW traded up $0.11 during mid-day trading on Wednesday, hitting $5.54. The company’s stock had a trading volume of 852,780 shares, compared to its average volume of 433,237. The company’s 50 day simple moving average is $7.37 and its 200 day simple moving average is $9.00. EZCORP has a twelve month low of $5.32 and a twelve month high of $11.25. The company has a current ratio of 8.07, a quick ratio of 5.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $304.67 million, a price-to-earnings ratio of 7.01 and a beta of 1.74.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. The business had revenue of $206.92 million during the quarter, compared to the consensus estimate of $216.17 million. During the same quarter last year, the firm posted $0.15 EPS. EZCORP’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that EZCORP will post 0.87 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Granite Investment Partners LLC boosted its stake in EZCORP by 112.9% in the 1st quarter. Granite Investment Partners LLC now owns 115,694 shares of the credit services provider’s stock worth $1,078,000 after purchasing an additional 61,362 shares during the period. First Trust Advisors LP boosted its stake in EZCORP by 2.1% in the 1st quarter. First Trust Advisors LP now owns 95,656 shares of the credit services provider’s stock worth $892,000 after purchasing an additional 1,936 shares during the period. Crossmark Global Holdings Inc. lifted its position in EZCORP by 5.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 29,050 shares of the credit services provider’s stock worth $275,000 after buying an additional 1,427 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in EZCORP in the 2nd quarter worth approximately $121,000. Finally, National Investment Services Inc. WI lifted its position in EZCORP by 24.4% in the 2nd quarter. National Investment Services Inc. WI now owns 98,576 shares of the credit services provider’s stock worth $934,000 after buying an additional 19,348 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

About EZCORP

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

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