EZCORP (NASDAQ:EZPW) Shares Gap Down – Here’s What Happened

EZCORP, Inc. (NASDAQ:EZPW) gapped down before the market opened on Thursday . The stock had previously closed at $11.85, but opened at $11.55. EZCORP shares last traded at $12.00, with a volume of 78,952 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 target price on shares of EZCORP in a report on Friday, October 4th. Stephens assumed coverage on shares of EZCORP in a research report on Wednesday. They set an “equal weight” rating and a $13.00 price objective on the stock.

EZCORP Stock Down 0.8 %

The company has a current ratio of 2.59, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The company has a market cap of $652.50 million, a price-to-earnings ratio of 10.74 and a beta of 1.03. The business has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $10.88.

Hedge Funds Weigh In On EZCORP

Several institutional investors and hedge funds have recently modified their holdings of EZPW. Vanguard Group Inc. increased its position in EZCORP by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 3,301,392 shares of the credit services provider’s stock worth $37,405,000 after purchasing an additional 34,821 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in EZCORP by 44.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock worth $15,292,000 after buying an additional 449,360 shares during the last quarter. State Street Corp raised its position in EZCORP by 0.3% during the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider’s stock valued at $12,160,000 after acquiring an additional 2,809 shares in the last quarter. Two Sigma Advisers LP lifted its stake in EZCORP by 25.0% in the third quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock valued at $11,320,000 after acquiring an additional 201,700 shares during the last quarter. Finally, Boston Partners grew its position in EZCORP by 59.5% in the first quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock worth $9,553,000 after acquiring an additional 314,435 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

EZCORP Company Profile

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.