EZCORP (NASDAQ:EZPW) Sees Strong Trading Volume - What's Next?

EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) shares saw strong trading volume on Tuesday . 151,495 shares traded hands during mid-day trading, a decline of 58% from the previous session's volume of 359,931 shares.The stock last traded at $12.26 and had previously closed at $12.17.

Analyst Upgrades and Downgrades

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

EZCORP Stock Down 0.3 %

The business's 50 day simple moving average is $12.12 and its 200-day simple moving average is $11.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71. The company has a market cap of $660.66 million, a price-to-earnings ratio of 10.93 and a beta of 1.03.

Insider Buying and Selling at EZCORP

In other news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the transaction, the insider now owns 66,242 shares in the company, valued at $822,725.64. This represents a 34.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Nicole Swies sold 10,000 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the transaction, the executive now owns 101,813 shares in the company, valued at approximately $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. Corporate insiders own 2.13% of the company's stock.

Institutional Investors Weigh In On EZCORP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of EZCORP by 97.0% in the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 1,554 shares during the period. Barclays PLC raised its holdings in EZCORP by 11.3% in the 3rd quarter. Barclays PLC now owns 92,166 shares of the credit services provider's stock worth $1,033,000 after acquiring an additional 9,328 shares during the period. Geode Capital Management LLC lifted its position in EZCORP by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 595,870 shares of the credit services provider's stock worth $6,683,000 after acquiring an additional 10,390 shares during the last quarter. XTX Topco Ltd boosted its holdings in EZCORP by 56.9% during the third quarter. XTX Topco Ltd now owns 31,880 shares of the credit services provider's stock valued at $357,000 after acquiring an additional 11,557 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of EZCORP by 25.0% in the third quarter. Two Sigma Advisers LP now owns 1,009,770 shares of the credit services provider's stock valued at $11,320,000 after purchasing an additional 201,700 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.