EZCORP (NASDAQ:EZPW) Hits New 12-Month High – Should You Buy?

EZCORP, Inc. (NASDAQ:EZPW)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $12.28 and last traded at $12.28, with a volume of 55828 shares trading hands. The stock had previously closed at $12.04.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EZPW. Stephens began coverage on shares of EZCORP in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 price target for the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $19.00 price target on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Price Performance

The business’s 50 day moving average price is $11.41 and its 200 day moving average price is $10.91. The stock has a market capitalization of $661.81 million, a P/E ratio of 10.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99.

Institutional Trading of EZCORP

A number of large investors have recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in EZCORP during the third quarter valued at approximately $32,000. Quarry LP grew its position in EZCORP by 169.1% during the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after buying an additional 2,976 shares during the period. Innealta Capital LLC bought a new stake in EZCORP during the second quarter valued at approximately $71,000. Allspring Global Investments Holdings LLC bought a new stake in EZCORP during the third quarter valued at approximately $106,000. Finally, nVerses Capital LLC grew its position in EZCORP by 640.0% during the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock valued at $124,000 after buying an additional 9,600 shares during the period. 99.83% of the stock is currently owned by institutional investors.

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.