EZCORP (NASDAQ:EZPW) Shares Pass Above 200-Day Moving Average – What’s Next?

EZCORP, Inc. (NASDAQ:EZPW) crossed 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 traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 target price on shares of EZCORP in a research note on Friday, October 4th. Stephens started coverage on EZCORP in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price on the stock.

EZCORP Stock Up 3.0 %

The company has a market capitalization of $662.84 million, a PE ratio of 10.96 and a beta of 1.03. The stock’s 50 day moving average is $12.11 and its 200 day moving average is $11.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71.

Insider Activity

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

Hedge Funds Weigh In On EZCORP

Hedge funds and other institutional investors have recently modified their holdings of the company. USA Financial Formulas purchased a new stake in EZCORP during the third quarter valued at about $32,000. GAMMA Investing LLC lifted its stake in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 1,554 shares during the last quarter. Quarry LP boosted its holdings in EZCORP by 169.1% during the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 2,976 shares during the period. Allspring Global Investments Holdings LLC bought a new position in EZCORP during the 3rd quarter worth approximately $106,000. Finally, nVerses Capital LLC increased its stake in EZCORP by 640.0% in the 3rd quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after purchasing an additional 9,600 shares during the period. 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.