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EZCORP (NASDAQ:EZPW) Share Price Passes Above Two Hundred Day Moving Average of $8.65

Defense World ·  Jan 24, 2023 02:22

EZCORP, Inc. (NASDAQ:EZPW – Get Rating)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.65 and traded as high as $9.12. EZCORP shares last traded at $9.07, with a volume of 1,232,061 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EZPW shares. Canaccord Genuity Group initiated coverage on EZCORP in a report on Wednesday, January 4th. They set a "buy" rating and a $14.00 price target on the stock. StockNews.com assumed coverage on shares of EZCORP in a report on Wednesday, October 12th. They set a "buy" rating on the stock.

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EZCORP Trading Up 5.1 %

The firm's fifty day simple moving average is $8.98 and its 200-day simple moving average is $8.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 4.21. The stock has a market cap of $510.72 million, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.35 and a beta of 1.15.

EZCORP (NASDAQ:EZPW – Get Rating) last released its earnings results on Wednesday, November 16th. The credit services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. EZCORP had a net margin of 5.66% and a return on equity of 8.01%. The business had revenue of $233.41 million for the quarter, compared to analyst estimates of $219.82 million. Equities research analysts expect that EZCORP, Inc. will post 0.71 EPS for the current fiscal year.

Institutional Investors Weigh In On EZCORP

Several large investors have recently added to or reduced their stakes in EZPW. Maryland State Retirement & Pension System acquired a new position in EZCORP in the fourth quarter valued at approximately $179,000. Exchange Traded Concepts LLC increased its stake in EZCORP by 2.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 76,610 shares of the credit services provider's stock valued at $624,000 after purchasing an additional 2,090 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of EZCORP during the third quarter valued at about $183,000. Jane Street Group LLC bought a new position in shares of EZCORP during the 3rd quarter worth about $127,000. Finally, Alliancebernstein L.P. grew its stake in shares of EZCORP by 20.6% in the 3rd quarter. Alliancebernstein L.P. now owns 36,103 shares of the credit services provider's stock valued at $278,000 after buying an additional 6,170 shares during the period. Institutional investors and hedge funds own 89.75% of the company's stock.

About EZCORP

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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. It offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.

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