International Money Express (NASDAQ:IMXI) Stock Sees Unusually High Put Option Buying

Key Points

• Investors bought 2,194 put options on International Money Express—about 98% above its typical daily volume.
• Shares fell to $6.32, near their 12-month low of $6.17, while trading volume reached 3.35 million shares, far above the average of 521,284.
• Quarterly EPS of $0.24 beat estimates, but revenue of $126.4 million missed forecasts; analysts’ consensus rating was Sell.

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 2,194 put options on the company. This is an increase of approximately 98% compared to the typical daily volume of 1,110 put options.

International Money Express Stock Performance

Shares of IMXI traded down $0.17 during trading hours on Wednesday, hitting $6.32. The stock had a trading volume of 3,345,046 shares, compared to its average volume of 521,284. International Money Express has a 12 month low of $6.17 and a 12 month high of $15.95. The firm has a market capitalization of $190.81 million, a PE ratio of 10.71 and a beta of 0.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a fifty day moving average price of $11.15 and a 200 day moving average price of $13.96.

International Money Express (NASDAQ:IMXI - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. International Money Express had a net margin of 3.41% and a return on equity of 14.26%. The firm had revenue of $126.40 million for the quarter, compared to analysts' expectations of $130.37 million.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen raised International Money Express from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded International Money Express from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in shares of International Money Express during the third quarter worth about $1,803,000. Polar Asset Management Partners Inc. bought a new position in shares of International Money Express in the 2nd quarter valued at about $10,182,000. Bank of New York Mellon Corp purchased a new position in shares of International Money Express in the 2nd quarter worth approximately $1,120,000. Hsbc Holdings PLC boosted its stake in International Money Express by 41.9% during the second quarter. Hsbc Holdings PLC now owns 795,197 shares of the company's stock worth $11,487,000 after buying an additional 234,612 shares during the period. Finally, Bank of America Corp DE grew its holdings in International Money Express by 398.7% during the 1st quarter. Bank of America Corp DE now owns 102,951 shares of the company's stock valued at $1,627,000 after purchasing an additional 82,307 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

About International Money Express

International Money Express, Inc. NASDAQ: IMXI, operating under the Intermex brand, is a financial technology company that provides international money transfer services. The company enables consumers, particularly immigrants and other underserved customers, to send funds across borders through retail agent locations and digital channels. Intermex primarily serves money-transfer corridors from the United States and Canada to countries in Latin America, the Caribbean and other international markets.

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