International Money Express Inc (NASDAQ:IMXI) Receives Average Recommendation of “Buy” from Analysts
Shares of International Money Express Inc (NASDAQ:IMXI) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.00.
IMXI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered International Money Express from a “buy” rating to a “hold” rating in a report on Friday. Northland Securities set a $17.00 price target on International Money Express and gave the stock a “buy” rating in a report on Wednesday, September 4th. BTIG Research reiterated a “buy” rating and set a $20.00 price target on shares of International Money Express in a report on Monday, August 12th. KeyCorp initiated coverage on International Money Express in a report on Friday. They set a “sector weight” rating on the stock. Finally, ValuEngine lowered International Money Express from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.
International Money Express stock traded down $0.41 during mid-day trading on Friday, reaching $14.19. 75,164 shares of the company’s stock were exchanged, compared to its average volume of 254,604. The business’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $13.43. The firm has a market capitalization of $554.55 million, a PE ratio of -283.80 and a beta of -0.23. International Money Express has a one year low of $10.31 and a one year high of $15.11. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.81.
In other International Money Express news, Director John Rincon sold 100,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.96, for a total value of $1,196,000.00. Also, major shareholder William Velez sold 8,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.96, for a total value of $95,680.00. Insiders sold 124,508 shares of company stock valued at $1,502,157 over the last three months. Company insiders own 43.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in International Money Express in the second quarter worth $49,000. Walleye Trading Advisors LLC purchased a new position in shares of International Money Express in the second quarter valued at $158,000. Walleye Trading LLC purchased a new position in shares of International Money Express in the second quarter valued at $182,000. Wells Fargo & Company MN grew its position in shares of International Money Express by 12.2% in the second quarter. Wells Fargo & Company MN now owns 13,640 shares of the company’s stock valued at $192,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of International Money Express in the second quarter valued at $195,000. 37.40% of the stock is owned by institutional investors and hedge funds.
About International Money Express
International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.
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