EZCORP (NASDAQ:EZPW) Stock Price Down 6.2%

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Canaccord Genuity Group boosted their price objective on EZCORP from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. StockNews.com downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 29th. Finally, TheStreet raised shares of EZCORP from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th.

EZCORP Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.08 and a current ratio of 4.00. The stock has a 50-day moving average of $10.82 and a 200-day moving average of $9.49. The firm has a market cap of $580.73 million, a price-to-earnings ratio of 16.57 and a beta of 1.13.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $285.64 million for the quarter, compared to the consensus estimate of $287.59 million. EZCORP had a net margin of 4.62% and a return on equity of 10.37%. During the same period last year, the company earned $0.23 earnings per share. As a group, analysts anticipate that EZCORP, Inc. will post 1.05 EPS for the current fiscal year.

Insider Transactions at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.38, for a total value of $25,605.00. Following the sale, the executive now owns 71,458 shares of the company’s stock, valued at $813,192.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.13% of the company’s stock.

Hedge Funds Weigh In On EZCORP

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of EZCORP during the 3rd quarter worth about $90,000. AXQ Capital LP acquired a new stake in shares of EZCORP in the third quarter valued at approximately $112,000. Corton Capital Inc. bought a new position in shares of EZCORP during the 3rd quarter worth approximately $123,000. Allspring Global Investments Holdings LLC boosted its stake in shares of EZCORP by 63.9% during the 1st 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 acquired a new position in shares of EZCORP during the 4th quarter worth approximately $158,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

About EZCORP

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.