Nicholas Financial (NASDAQ:NICK) Shares Cross Above Two Hundred Day Moving Average of $6.48

Nicholas Financial, Inc. (NASDAQ:NICK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.48 and traded as high as $6.75. Nicholas Financial shares last traded at $6.51, with a volume of 545 shares changing hands.

Nicholas Financial Trading Down 2.5 %

The company has a 50-day simple moving average of $6.82 and a 200 day simple moving average of $6.48. The company has a market cap of $82.68 million, a P/E ratio of -1.30 and a beta of 0.88.

Nicholas Financial (NASDAQ:NICK) last announced its quarterly earnings data on Tuesday, February 13th. The credit services provider reported ($1.60) EPS for the quarter. The business had revenue of $4.95 million during the quarter. Nicholas Financial had a negative net margin of 134.48% and a negative return on equity of 50.06%.

Hedge Funds Weigh In On Nicholas Financial

A hedge fund recently raised its stake in Nicholas Financial stock. TCW Group Inc. lifted its position in shares of Nicholas Financial, Inc. (NASDAQ:NICK) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 616,230 shares of the credit services provider’s stock after buying an additional 2,262 shares during the quarter. TCW Group Inc. owned approximately 4.85% of Nicholas Financial worth $4,209,000 at the end of the most recent quarter. 39.87% of the stock is currently owned by hedge funds and other institutional investors.

About Nicholas Financial

Nicholas Financial, Inc operates as a consumer finance company in the United States. The company engages in acquiring and servicing automobile finance installment contracts for the purchase of new and used automobiles and light trucks. It also originates direct consumer loans and sells consumer-finance related products.