EZCORP (NASDAQ:EZPW) Reaches New 52-Week High at $12.09

EZCORP, Inc. (NASDAQ:EZPW) shares reached a new 52-week high during trading on Monday . The company traded as high as $12.09 and last traded at $12.09, with a volume of 505 shares traded. The stock had previously closed at $11.85.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price target on EZCORP from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd.

EZCORP Stock Performance

The company has a quick ratio of 3.23, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The stock has a market cap of $656.56 million, a P/E ratio of 11.39 and a beta of 1.04. The stock has a fifty day simple moving average of $10.61 and a 200-day simple moving average of $10.60.

Hedge Funds Weigh In On EZCORP

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. lifted its holdings in shares of EZCORP by 4.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider’s stock valued at $342,000 after purchasing an additional 1,299 shares in the last quarter. Quarry LP raised 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 worth $50,000 after buying an additional 2,976 shares during the period. Dark Forest Capital Management LP bought a new position in EZCORP in the second quarter valued at approximately $163,000. AQR Capital Management LLC boosted its holdings in shares of EZCORP by 29.8% in the second quarter. AQR Capital Management LLC now owns 70,240 shares of the credit services provider’s stock valued at $735,000 after buying an additional 16,132 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of EZCORP in the second quarter valued at approximately $1,624,000. Institutional investors and hedge funds 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.