INTERNATIONAL MONEY EXPRESS (NASDAQ:IMXI) Upgraded by Weiss Ratings to “Hold (C-)” Rating

INTERNATIONAL MONEY EXPRESS (NASDAQ:IMXI) was upgraded by Weiss Ratings from a “sell (d+)” rating to a “hold (c-)” rating in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on IMXI. Wall Street Zen raised INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Zacks Research lowered INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. Finally, Northland Capmk lowered INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.60.

INTERNATIONAL MONEY EXPRESS Price Performance

INTERNATIONAL MONEY EXPRESS stock opened at $14.89 on Wednesday. The stock’s 50 day moving average is $13.67 and its 200 day moving average is $12.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $441.94 million, a P/E ratio of 9.08 and a beta of 0.90. INTERNATIONAL MONEY EXPRESS has a one year low of $8.58 and a one year high of $22.37.

Institutional Investors Weigh In On INTERNATIONAL MONEY EXPRESS

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of INTERNATIONAL MONEY EXPRESS during the first quarter valued at approximately $31,000. Parallel Advisors LLC increased its holdings in shares of INTERNATIONAL MONEY EXPRESS by 6,189.8% during the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock valued at $31,000 after acquiring an additional 3,033 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of INTERNATIONAL MONEY EXPRESS during the second quarter valued at approximately $40,000. GAMMA Investing LLC increased its holdings in shares of INTERNATIONAL MONEY EXPRESS by 7,708.8% during the first quarter. GAMMA Investing LLC now owns 6,247 shares of the company’s stock valued at $790,000 after acquiring an additional 6,167 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of INTERNATIONAL MONEY EXPRESS by 186.5% during the second quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after acquiring an additional 4,312 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

About INTERNATIONAL MONEY EXPRESS

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.