EZCORP (NASDAQ:EZPW) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

EZCORP, Inc. (NASDAQ:EZPW)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.94 and traded as high as $14.09. EZCORP shares last traded at $13.84, with a volume of 757,564 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EZPW. Canaccord Genuity Group boosted their target price on shares of EZCORP from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and set a $13.50 target price on shares of EZCORP in a research report on Thursday, February 6th.

EZCORP Stock Down 1.8 %

The firm has a market cap of $746.36 million, a P/E ratio of 11.81 and a beta of 1.01. The stock’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $11.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.91.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. Research analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current year.

Insider Buying and Selling at EZCORP

In other news, CRO Nicole Swies sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the sale, the executive now owns 101,813 shares in the company, valued at $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 available through this hyperlink. 2.13% of the stock is currently owned by company insiders.

Institutional Trading of EZCORP

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew 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 worth $39,000 after acquiring an additional 1,554 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of EZCORP in the 3rd quarter worth $106,000. KLP Kapitalforvaltning AS bought a new stake in shares of EZCORP in the 4th quarter worth $122,000. Sherbrooke Park Advisers LLC bought a new stake in shares of EZCORP in the 4th quarter worth $138,000. Finally, Stephens Inc. AR bought a new stake in shares of EZCORP in the 3rd quarter worth $138,000. 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.