EZCORP (NASDAQ:EZPW) Share Price Crosses Above 200 Day Moving Average - What's Next?

EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) crossed 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 changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on EZPW shares. Stephens assumed coverage on EZCORP in a research report on Wednesday, November 13th. They issued an "equal weight" rating and a $13.00 target price for the company. Canaccord Genuity Group reissued a "buy" rating and issued a $19.00 price objective on shares of EZCORP in a report on Friday, October 4th.

EZCORP Stock Performance

The company's fifty day moving average is $12.12 and its 200 day moving average is $11.44. 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 company has a market capitalization of $667.20 million, a P/E ratio of 11.04 and a beta of 1.03.

Insider Transactions at EZCORP

In related news, insider Sunil Sajnani sold 34,493 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 66,242 shares of the company's stock, valued at approximately $822,725.64. This represents a 34.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Nicole Swies sold 10,000 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $12.47, for a total transaction 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 approximately $1,269,608.11. The trade was 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in EZPW. Point72 Asset Management L.P. grew its position in EZCORP by 4.1% during the second quarter. Point72 Asset Management L.P. now owns 32,699 shares of the credit services provider's stock worth $342,000 after buying an additional 1,299 shares in the last quarter. GAMMA Investing LLC boosted its position 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 valued at $39,000 after acquiring an additional 1,554 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of EZCORP by 16.5% during the third quarter. Aigen Investment Management LP now owns 17,712 shares of the credit services provider's stock worth $199,000 after purchasing an additional 2,508 shares in the last quarter. State Street Corp increased its position in shares of EZCORP by 0.3% in the third quarter. State Street Corp now owns 1,084,777 shares of the credit services provider's stock worth $12,160,000 after purchasing an additional 2,809 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in EZCORP in the third quarter valued at approximately $32,000. Institutional investors 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.