International Money Express (NASDAQ:IMXI) Sees Unusually-High Trading Volume – Still a Buy?

International Money Express, Inc. (NASDAQ:IMXI) shares saw an uptick in trading volume on Monday . 202,789 shares traded hands during trading, an increase of 31% from the previous session’s volume of 154,573 shares.The stock last traded at $18.64 and had previously closed at $18.14.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IMXI shares. Northland Securities upped their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets upped their target price on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Needham & Company LLC raised their price target on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

International Money Express Trading Up 0.2 %

The firm has a market cap of $575.04 million, a PE ratio of 10.21 and a beta of 0.87. The company has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $19.34. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

Hedge Funds Weigh In On International Money Express

A number of hedge funds have recently bought and sold shares of IMXI. nVerses Capital LLC increased its stake in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in International Money Express in the 3rd quarter worth about $633,000. New South Capital Management Inc. purchased a new stake in International Money Express during the 3rd quarter worth approximately $17,055,000. Royce & Associates LP raised its holdings in shares of International Money Express by 9.8% during the third quarter. Royce & Associates LP now owns 557,189 shares of the company’s stock valued at $10,302,000 after acquiring an additional 49,582 shares during the last quarter. Finally, Seizert Capital Partners LLC lifted its position in shares of International Money Express by 3.4% in the third quarter. Seizert Capital Partners LLC now owns 177,610 shares of the company’s stock valued at $3,284,000 after acquiring an additional 5,803 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.