EZCORP (NASDAQ:EZPW) Stock Passes Above 200 Day Moving Average – Here’s What Happened

EZCORP, Inc. (NASDAQ:EZPW)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.43 and traded as high as $12.36. EZCORP shares last traded at $12.17, with a volume of 495,505 shares changing hands.

Wall Street Analysts Forecast Growth

EZPW has been the subject of a number of research reports. Stephens started coverage on shares of EZCORP in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $13.00 target price for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a report on Friday, October 4th.

EZCORP Price Performance

The business has a fifty day moving average of $12.14 and a 200-day moving average of $11.46. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The firm has a market cap of $661.21 million, a PE ratio of 10.94 and a beta of 1.03.

Insider Activity

In related news, CRO Nicole Swies sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the executive now owns 101,813 shares of the company’s stock, valued at approximately $1,269,608.11. This represents a 8.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.42, for a total transaction of $428,403.06. Following the completion of the sale, the insider now owns 66,242 shares in the company, valued at $822,725.64. This represents a 34.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EZCORP

Several large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its stake in EZCORP by 161.0% in the 3rd quarter. GSA Capital Partners LLP now owns 132,972 shares of the credit services provider’s stock worth $1,491,000 after buying an additional 82,025 shares in the last quarter. Invenomic Capital Management LP bought a new position in EZCORP in the third quarter valued at $2,122,000. Intech Investment Management LLC purchased a new stake in EZCORP during the third quarter valued at about $662,000. Fourth Sail Capital LP lifted its stake in EZCORP by 21.5% during the second quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock worth $7,527,000 after purchasing an additional 127,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of EZCORP during the 3rd quarter valued at about $918,000. Institutional investors own 99.83% of the company’s stock.

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.