EZCORP (NASDAQ:EZPW) Shares Gap Down – Should You Sell?

EZCORP, Inc. (NASDAQ:EZPW) shares gapped down prior to trading on Thursday . The stock had previously closed at $11.85, but opened at $11.55. EZCORP shares last traded at $12.00, with a volume of 78,952 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EZPW. Canaccord Genuity Group reaffirmed a “buy” rating and set a $19.00 target price on shares of EZCORP in a research note on Friday, October 4th. Stephens began coverage on shares of EZCORP in a report on Wednesday. They set an “equal weight” rating and a $13.00 price objective on the stock.

EZCORP Stock Performance

The firm’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $10.87. The company has a market cap of $657.97 million, a price-to-earnings ratio of 10.82 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.59.

Institutional Investors Weigh In On EZCORP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of EZCORP by 63.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 4,451 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in EZCORP during the first quarter worth about $270,000. Janney Montgomery Scott LLC acquired a new position in EZCORP in the 1st quarter valued at about $525,000. Quantbot Technologies LP grew its stake in shares of EZCORP by 82.4% in the 1st quarter. Quantbot Technologies LP now owns 26,781 shares of the credit services provider’s stock valued at $303,000 after buying an additional 12,097 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of EZCORP during the 1st quarter worth approximately $365,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.