INTERNATIONAL MONEY EXPRESS (NASDAQ:IMXI) Upgraded by Weiss Ratings to "Hold (C-)" Rating

Key Points

• INTERNATIONAL MONEY EXPRESS (NASDAQ: IMXI) has been upgraded by Weiss Ratings from a "sell (D+)" to a "hold (C-)" rating, reflecting a positive outlook for the stock.
• Zacks Research recently downgraded the stock from "hold" to "strong sell," while Wall Street Zen upgraded it from "hold" to "buy," indicating mixed sentiments among analysts.
• The stock has a market capitalization of $441.94 million and its average price target is $19.60, with a current stock price around $14.89.

INTERNATIONAL MONEY EXPRESS (NASDAQ:IMXI - Get Free Report) was upgraded by investment analysts at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

IMXI has been the topic of a number of other research reports. Zacks Research cut INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Northland Capmk cut INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, INTERNATIONAL MONEY EXPRESS currently has an average rating of "Hold" and an average price target of $19.60.

INTERNATIONAL MONEY EXPRESS Stock Performance

INTERNATIONAL MONEY EXPRESS stock opened at $14.89 on Wednesday. INTERNATIONAL MONEY EXPRESS has a 12-month low of $8.58 and a 12-month high of $22.37. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The business's 50-day moving average price is $13.67 and its two-hundred day moving average price is $12.05. The stock has a market cap of $441.94 million, a PE ratio of 9.08 and a beta of 0.90.

Institutional Trading of INTERNATIONAL MONEY EXPRESS

A number of hedge funds have recently made changes to their positions in IMXI. Quarry LP acquired a new stake in shares of INTERNATIONAL MONEY EXPRESS during the first quarter valued at about $31,000. Parallel Advisors LLC boosted its stake in shares of INTERNATIONAL MONEY EXPRESS by 6,189.8% during the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company's stock valued at $31,000 after purchasing an additional 3,033 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of INTERNATIONAL MONEY EXPRESS during the second quarter valued at about $40,000. CWM LLC lifted its stake in shares of INTERNATIONAL MONEY EXPRESS by 186.5% in the second quarter. CWM LLC now owns 6,624 shares of the company's stock worth $67,000 after acquiring an additional 4,312 shares during the period. Finally, EMC Capital Management acquired a new position in shares of INTERNATIONAL MONEY EXPRESS in the second quarter worth approximately $92,000. 86.71% of the stock is owned by institutional investors and hedge funds.

INTERNATIONAL MONEY EXPRESS Company Profile

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.