International Money Express (NASDAQ:IMXI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of International Money Express (NASDAQ:IMXI) from a sell rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a research note on Friday, August 7th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

International Money Express Stock Up 2.1%

IMXI opened at $14.89 on Friday. International Money Express has a fifty-two week low of $11.15 and a fifty-two week high of $15.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96. The company has a fifty day moving average of $13.65 and a two-hundred day moving average of $14.93. The stock has a market capitalization of $449.83 million, a price-to-earnings ratio of 24.02 and a beta of 0.76.

Institutional Investors Weigh In On International Money Express

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in International Money Express in the 2nd quarter worth $40,000. Raymond James Financial Inc. acquired a new stake in shares of International Money Express in the second quarter valued at about $40,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of International Money Express in the second quarter valued at about $70,000. Parallel Advisors LLC increased its stake in shares of International Money Express by 123.5% during the first quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock worth $110,000 after purchasing an additional 3,842 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of International Money Express by 31.2% during the fourth quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after purchasing an additional 1,840 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

About International Money Express

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.