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. “
EZPW has been the subject of several other reports. BidaskClub upgraded shares of EZCORP from a strong sell rating to a sell rating in a report on Monday, November 25th. ValuEngine upgraded EZCORP from a strong sell rating to a sell rating in a report on Wednesday, October 2nd. Jefferies Financial Group downgraded EZCORP from a buy rating to a hold rating in a report on Tuesday, October 8th. Finally, B. Riley decreased their target price on EZCORP from $14.00 to $12.00 and set a buy rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $11.50.
Shares of NASDAQ EZPW traded up $0.03 during midday trading on Wednesday, hitting $5.25. 234,450 shares of the company traded hands, compared to its average volume of 458,263. EZCORP has a 12-month low of $4.77 and a 12-month high of $11.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.66 and a current ratio of 8.07. The stock has a 50-day moving average price of $5.30 and a 200 day moving average price of $7.69. The firm has a market cap of $289.42 million, a P/E ratio of 6.65 and a beta of 1.67.
A number of institutional investors have recently made changes to their positions in EZPW. Quantum Capital Management purchased a new stake in shares of EZCORP in the 3rd quarter worth about $30,000. Quantamental Technologies LLC grew its holdings in EZCORP by 373.3% in the second quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock worth $48,000 after purchasing an additional 4,032 shares during the period. Bank of Montreal Can increased its stake in shares of EZCORP by 320.5% during the second quarter. Bank of Montreal Can now owns 5,630 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 4,291 shares in the last quarter. Ellington Management Group LLC bought a new position in shares of EZCORP during the second quarter valued at approximately $100,000. Finally, JPMorgan Chase & Co. increased its stake in shares of EZCORP by 15.5% during the second quarter. JPMorgan Chase & Co. now owns 16,148 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 2,171 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.
EZCORP Company Profile
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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