EZCORP (NASDAQ:EZPW) Shares Pass Above 200 Day Moving Average – Here’s Why

EZCORP, Inc. (NASDAQ:EZPW)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

EZCORP Stock Up 3.0 %

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

Insiders Place Their Bets

In other news, insider Sunil Sajnani sold 34,493 shares of EZCORP 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 completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Nicole Swies sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction of $124,700.00. Following the sale, the executive now directly owns 101,813 shares in the company, valued at $1,269,608.11. This trade represents a 8.94 % decrease in their ownership of the stock. 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 added to or reduced their stakes in the business. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of EZCORP in the third quarter worth approximately $8,372,000. Charles Schwab Investment Management Inc. raised its stake in EZCORP by 449.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider’s stock valued at $3,739,000 after buying an additional 272,815 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of EZCORP by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock valued at $5,922,000 after buying an additional 216,480 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of EZCORP by 25.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider’s stock valued at $11,320,000 after buying an additional 201,700 shares during the period. Finally, Invenomic Capital Management LP purchased a new position in shares of EZCORP in the 3rd quarter worth $2,122,000. 99.83% of the stock is owned by 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.