EZCORP (NASDAQ:EZPW) Stock Price Down 6.2%

EZCORP, Inc. (NASDAQ:EZPW)’s share price fell 6.2% during trading on Thursday . The stock traded as low as $9.80 and last traded at $10.35. 454,981 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 543,162 shares. The stock had previously closed at $11.03.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 29th. TheStreet raised EZCORP from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group lowered their price target on EZCORP from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday.

EZCORP Stock Down 1.0 %

The company has a quick ratio of 3.08, a current ratio of 4.17 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $575.21 million, a price-to-earnings ratio of 10.03 and a beta of 1.13. The business’s 50-day moving average is $10.82 and its 200-day moving average is $9.52.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. EZCORP had a return on equity of 10.55% and a net margin of 7.05%. The business had revenue of $285.64 million during the quarter, compared to analyst estimates of $287.59 million. During the same quarter last year, the business posted $0.23 EPS. As a group, equities analysts predict that EZCORP, Inc. will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, CRO Nicole Swies sold 2,250 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $11.38, for a total value of $25,605.00. Following the completion of the transaction, the executive now directly owns 71,458 shares in the company, valued at approximately $813,192.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EZCORP

A number of institutional investors have recently modified their holdings of EZPW. DekaBank Deutsche Girozentrale acquired a new stake in EZCORP in the third quarter valued at approximately $90,000. AXQ Capital LP purchased a new stake in EZCORP in the 3rd quarter worth $112,000. Corton Capital Inc. purchased a new stake in EZCORP in the 3rd quarter worth $123,000. Allspring Global Investments Holdings LLC raised its position in EZCORP by 63.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 4,451 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in EZCORP during the fourth quarter valued at $158,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.