EZCORP (NASDAQ:EZPW) Stock Price Down 11.5%

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Shares of EZCORP Inc (NASDAQ:EZPW) dropped 11.5% during trading on Thursday . The company traded as low as $7.20 and last traded at $7.30, approximately 1,990,766 shares changed hands during mid-day trading. An increase of 389% from the average daily volume of 407,251 shares. The stock had previously closed at $8.25.

EZPW has been the subject of a number of research reports. ValuEngine downgraded EZCORP from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research downgraded EZCORP from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. TheStreet downgraded EZCORP from a “b-” rating to a “c” rating in a research note on Monday, August 5th. Finally, BidaskClub downgraded EZCORP from a “hold” rating to a “sell” rating in a research note on Saturday. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. EZCORP presently has an average rating of “Hold” and a consensus price target of $12.50.

The company has a quick ratio of 5.66, a current ratio of 8.07 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average is $8.17 and its 200 day moving average is $9.31. The firm has a market capitalization of $457.42 million, a price-to-earnings ratio of 9.38 and a beta of 1.77.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $206.92 million for the quarter, compared to analyst estimates of $216.17 million. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Equities research analysts expect that EZCORP Inc will post 0.87 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Granite Investment Partners LLC lifted its stake in shares of EZCORP by 112.9% in the 1st quarter. Granite Investment Partners LLC now owns 115,694 shares of the credit services provider’s stock valued at $1,078,000 after purchasing an additional 61,362 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of EZCORP by 98.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,706 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 5,814 shares during the period. James Investment Research Inc. boosted its position in shares of EZCORP by 21.2% in the 2nd quarter. James Investment Research Inc. now owns 64,500 shares of the credit services provider’s stock valued at $611,000 after purchasing an additional 11,285 shares during the period. Quantamental Technologies LLC lifted its position in EZCORP by 373.3% during the 2nd quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock worth $48,000 after acquiring an additional 4,032 shares during the period. Finally, Renaissance Technologies LLC lifted its position in EZCORP by 44.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock worth $16,998,000 after acquiring an additional 554,121 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

About EZCORP (NASDAQ:EZPW)

EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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