EZCORP (NASDAQ:EZPW) Hits New 52-Week Low - Here's What Happened

EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.85 and last traded at $16.37, with a volume of 2910748 shares traded. The stock had previously closed at $15.93.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EZPW shares. Canaccord Genuity Group decreased their price target on EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday. Roth Mkm initiated coverage on shares of EZCORP in a research note on Monday, March 17th. They issued a "buy" rating and a $16.00 price target on the stock. Stephens reaffirmed an "equal weight" rating and issued a $13.50 price target on shares of EZCORP in a research report on Thursday, February 6th. StockNews.com raised shares of EZCORP from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Roth Capital set a $16.00 price objective on EZCORP in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EZCORP presently has a consensus rating of "Buy" and a consensus target price of $17.38.

EZCORP Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13. The company has a market capitalization of $818.44 million, a P/E ratio of 12.92 and a beta of 0.59. The company's 50-day moving average price is $14.88 and its two-hundred day moving average price is $13.23.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The credit services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $306.32 million for the quarter, compared to analyst estimates of $310.35 million. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. As a group, sell-side analysts expect that EZCORP, Inc. will post 1.3 EPS for the current year.

Institutional Trading of EZCORP

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock worth $39,000 after acquiring an additional 1,554 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in EZCORP during the 4th quarter valued at about $122,000. Sherbrooke Park Advisers LLC bought a new stake in shares of EZCORP during the 4th quarter valued at about $138,000. LPL Financial LLC lifted its position in EZCORP by 39.3% during the fourth quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock valued at $176,000 after buying an additional 4,070 shares during the period. Finally, Teza Capital Management LLC increased its position in EZCORP by 6.6% during the 4th quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock valued at $176,000 after buying an additional 896 shares in the last quarter. 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.