EZCORP (NASDAQ:EZPW) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

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

Wall Street Analyst Weigh In

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

EZCORP Stock Up 0.1 %

The company has a market cap of $661.21 million, a P/E ratio of 10.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99. The stock has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $11.46.

Insider Activity

In related news, 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 directly owns 66,242 shares of the company’s stock, valued at approximately $822,725.64. This trade represents a 34.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Nicole Swies sold 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $12.47, for a total value of $124,700.00. Following the completion of the transaction, the executive now directly owns 101,813 shares in the company, valued at approximately $1,269,608.11. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EZCORP

Several institutional investors have recently added to or reduced their stakes in EZPW. Point72 Asset Management L.P. raised its position in EZCORP by 4.1% in the second quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider’s stock worth $342,000 after acquiring an additional 1,299 shares during the period. GAMMA Investing LLC raised its holdings 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 purchasing an additional 1,554 shares during the period. Aigen Investment Management LP lifted its stake in EZCORP by 16.5% in the third quarter. Aigen Investment Management LP now owns 17,712 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 2,508 shares during the last quarter. State Street Corp grew its holdings 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 purchasing an additional 2,809 shares during the period. Finally, USA Financial Formulas bought a new position in EZCORP during the third quarter valued at $32,000. Institutional investors own 99.83% of the company’s stock.

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.