EZCORP (NASDAQ:EZPW) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

EZCORP, Inc. (NASDAQ:EZPW) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.94 and traded as high as $14.09. EZCORP shares last traded at $13.84, with a volume of 757,564 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on EZPW. Canaccord Genuity Group raised their target price on shares of EZCORP from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Stephens reissued an “equal weight” rating and set a $13.50 price target on shares of EZCORP in a report on Thursday, February 6th.

EZCORP Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13. The company has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $11.94. The stock has a market cap of $760.36 million, a PE ratio of 12.03 and a beta of 1.01.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. Sell-side analysts anticipate that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Insider Activity

In related news, CRO Nicole Swies sold 10,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,269,608.11. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of EZCORP by 97.0% during the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,554 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in EZCORP during the 3rd quarter valued at about $106,000. KLP Kapitalforvaltning AS acquired a new position in EZCORP during the fourth quarter worth about $122,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of EZCORP in the fourth quarter valued at about $138,000. Finally, Stephens Inc. AR acquired a new stake in shares of EZCORP in the third quarter valued at approximately $138,000. 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.