EZCORP (NASDAQ:EZPW) Shares Gap Down – Here’s Why

EZCORP, Inc. (NASDAQ:EZPW) gapped down before the market opened 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.

Analyst Ratings Changes

EZPW has been the subject of a number of analyst reports. Stephens assumed coverage on EZCORP in a research note on Wednesday. They set an “equal weight” rating and a $13.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a research report on Friday, October 4th.

EZCORP Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.59 and a quick ratio of 1.99. The firm has a market cap of $657.97 million, a price-to-earnings ratio of 10.82 and a beta of 1.03. The firm has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $10.87.

Hedge Funds Weigh In On EZCORP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of EZCORP in the 3rd quarter valued at about $32,000. Quarry LP boosted its position in EZCORP by 169.1% in the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 2,976 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of EZCORP during the 2nd quarter worth approximately $71,000. Allspring Global Investments Holdings LLC purchased a new position in shares of EZCORP during the 3rd quarter valued at approximately $106,000. Finally, nVerses Capital LLC lifted its stake in shares of EZCORP by 640.0% in the 3rd quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 9,600 shares during the period. Hedge funds and other 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.