EZCORP (NASDAQ:EZPW) Shares Cross Above 200-Day Moving Average - What's Next?

EZCORP, Inc. (NASDAQ:EZPW - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.82 and traded as high as $11.88. EZCORP shares last traded at $11.87, with a volume of 1,116,855 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a $19.00 target price on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Price Performance

The firm has a 50-day moving average of $11.38 and a 200 day moving average of $10.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.99. The company has a market capitalization of $643.20 million, a PE ratio of 11.30 and a beta of 1.02.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $281.42 million during the quarter, compared to the consensus estimate of $281.69 million. EZCORP had a net margin of 6.87% and a return on equity of 10.64%. As a group, research analysts anticipate that EZCORP, Inc. will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EZCORP

A number of institutional investors have recently bought and sold shares of EZPW. Assenagon Asset Management S.A. increased its stake in shares of EZCORP by 44.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider's stock worth $15,292,000 after purchasing an additional 449,360 shares in the last quarter. Boston Partners increased its stake in EZCORP by 59.5% in the 1st quarter. Boston Partners now owns 843,105 shares of the credit services provider's stock worth $9,553,000 after buying an additional 314,435 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in EZCORP by 169.8% during the first quarter. BNP Paribas Financial Markets now owns 261,337 shares of the credit services provider's stock valued at $2,961,000 after acquiring an additional 164,489 shares during the period. Fourth Sail Capital LP lifted its position in shares of EZCORP by 21.5% in the second quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider's stock valued at $7,527,000 after acquiring an additional 127,070 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of EZCORP in the second quarter valued at about $1,624,000. 99.83% of the stock is owned by institutional investors.

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.