EZCORP (NASDAQ:EZPW) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

EZCORP, Inc. (NASDAQ:EZPW)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.58 and traded as high as $19.81. EZCORP shares last traded at $19.22, with a volume of 2,995,524 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on EZPW shares. Citizens Jmp started coverage on shares of EZCORP in a research note on Monday, November 3rd. They issued a “market outperform” rating and a $23.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EZCORP in a research report on Wednesday, October 8th. Canaccord Genuity Group upped their price objective on EZCORP from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Citigroup reaffirmed a “market outperform” rating on shares of EZCORP in a research report on Friday, November 14th. Finally, JMP Securities set a $23.00 target price on EZCORP in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.50.

EZCORP Stock Down 2.0%

The company has a quick ratio of 4.37, a current ratio of 5.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.17 billion, a PE ratio of 13.63 and a beta of 0.52. The firm’s fifty day moving average is $18.77 and its 200-day moving average is $16.58.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Thursday, November 13th. The credit services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. EZCORP had a return on equity of 12.00% and a net margin of 8.60%.The company had revenue of $335.90 million for the quarter, compared to analyst estimates of $325.09 million. On average, equities research analysts predict that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in EZCORP by 6.7% during the first quarter. Hsbc Holdings PLC now owns 60,614 shares of the credit services provider’s stock worth $901,000 after acquiring an additional 3,792 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of EZCORP during the 2nd quarter worth approximately $476,000. Y Intercept Hong Kong Ltd raised its position in shares of EZCORP by 398.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 68,293 shares of the credit services provider’s stock worth $948,000 after purchasing an additional 54,590 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in EZCORP in the 2nd quarter valued at approximately $168,000. Finally, Millennium Management LLC lifted its stake in EZCORP by 21.8% in the 1st quarter. Millennium Management LLC now owns 1,455,869 shares of the credit services provider’s stock valued at $21,430,000 after buying an additional 260,085 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

About EZCORP

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.