EZCORP (NASDAQ:EZPW) Sets New 1-Year High at $12.09

EZCORP, Inc. (NASDAQ:EZPW) hit a new 52-week high on Monday . The stock traded as high as $12.09 and last traded at $12.09, with a volume of 505 shares trading hands. The stock had previously closed at $11.85.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price target on EZCORP from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, May 3rd.

EZCORP Stock Performance

The company has a 50-day moving average of $10.61 and a 200 day moving average of $10.60. The company has a quick ratio of 3.23, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $656.56 million, a PE ratio of 11.39 and a beta of 1.04.

Hedge Funds Weigh In On EZCORP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EZPW. Fourth Sail Capital LP purchased a new position in EZCORP during the fourth quarter worth about $5,173,000. Assenagon Asset Management S.A. lifted its stake in EZCORP by 44.4% during 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 during the last quarter. Boston Partners lifted its stake in EZCORP by 59.5% during the first quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock worth $9,553,000 after purchasing an additional 314,435 shares during the last quarter. Wasatch Advisors LP lifted its stake in EZCORP by 9.9% during the fourth quarter. Wasatch Advisors LP now owns 2,532,799 shares of the credit services provider’s stock worth $22,137,000 after purchasing an additional 228,013 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in EZCORP by 62.0% during the second quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock worth $5,922,000 after purchasing an additional 216,480 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.