International Money Express (NASDAQ:IMXI) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of International Money Express (NASDAQ:IMXI) from a sell rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

International Money Express Trading Up 24.7%

International Money Express stock opened at $14.59 on Friday. The firm has a market cap of $440.76 million, a price-to-earnings ratio of 23.53 and a beta of 0.76. International Money Express has a 1 year low of $11.15 and a 1 year high of $15.95. The firm’s 50 day moving average price is $13.65 and its two-hundred day moving average price is $14.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.84 and a current ratio of 1.96.

Hedge Funds Weigh In On International Money Express

A number of large investors have recently made changes to their positions in IMXI. Legal & General Group Plc acquired a new stake in shares of International Money Express during the second quarter worth approximately $40,000. Raymond James Financial Inc. acquired a new position in International Money Express in the 2nd quarter valued at approximately $40,000. Longfellow Investment Management Co. LLC purchased a new stake in International Money Express in the 2nd quarter worth approximately $70,000. Parallel Advisors LLC boosted its stake in shares of International Money Express by 123.5% during the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock valued at $110,000 after buying an additional 3,842 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of International Money Express by 31.2% during the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after buying an additional 1,840 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

About International Money Express

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.