The stock of EZCORP Inc (NASDAQ:EZPW) hit a new 52-week high and has $12.30 target or 6.00% above today’s $11.60 share price. The 7 months bullish chart indicates low risk for the $651.34M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $12.30 price target is reached, the company will be worth $39.08M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 180,656 shares traded hands. EZCORP Inc (NASDAQ:EZPW) has risen 139.22% since April 28, 2016 and is uptrending. It has outperformed by 133.29% the S&P500.
Analysts await EZCORP Inc (NASDAQ:EZPW) to report earnings on December, 29. They expect $0.06 EPS, up 128.57% or $0.27 from last year’s $-0.21 per share. EZPW’s profit will be $3.37M for 48.33 P/E if the $0.06 EPS becomes a reality. After $0.05 actual EPS reported by EZCORP Inc for the previous quarter, Wall Street now forecasts 20.00% EPS growth.
According to Zacks Investment Research, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan.”
Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.25, from 0.95 in 2016Q1. The ratio increased, as 17 funds sold all EZCORP Inc shares owned while 46 reduced positions. 25 funds bought stakes while 35 increased positions. They now own 38.51 million shares or 0.65% more from 38.27 million shares in 2016Q1.
Great West Life Assurance Can, a Manitoba – Canada-based fund reported 2,694 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in EZCORP Inc (NASDAQ:EZPW) for 1,829 shares. Moreover, Comerica Fincl Bank has 0% invested in EZCORP Inc (NASDAQ:EZPW) for 50,683 shares. The Arizona-based Arizona State Retirement has invested 0% in EZCORP Inc (NASDAQ:EZPW). Renaissance Technologies Ltd Liability holds 0.01% of its portfolio in EZCORP Inc (NASDAQ:EZPW) for 364,400 shares. The Pennsylvania-based Pnc Svcs Group Inc has invested 0% in EZCORP Inc (NASDAQ:EZPW). Chicago Equity Ptnrs Ltd Liability holds 0.05% or 223,873 shares in its portfolio. Aperio Llc last reported 0% of its portfolio in the stock. Huber Cap Management Limited Liability Corporation holds 2.84M shares or 0.88% of its portfolio. Peak6 Lp has 14,566 shares for 0% of their US portfolio. Blackrock Fund last reported 3.44M shares in the company. Teachers Retirement System Of The State Of Kentucky last reported 0% of its portfolio in the stock. Msd Limited Partnership has 0.69% invested in the company for 1.40 million shares. The Massachusetts-based Rhumbline Advisers has invested 0% in EZCORP Inc (NASDAQ:EZPW). The New York-based First New York Limited Company Ny has invested 0% in EZCORP Inc (NASDAQ:EZPW).
More news for EZCORP Inc (NASDAQ:EZPW) were recently published by: Fool.com, which released: “Why EZCORP Inc. Stock is Rocketing Today” on May 10, 2016. Bizjournals.com‘s article titled: “EZCorp settles federal payday lending complaint” and published on December 16, 2015 is yet another important article.
EZPW Company Profile
EZCORP, Inc., incorporated on May 18, 1989, provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Firm operates through four divisions: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn activities in the United States; Mexico Pawn, which includes its Empeno Facil pawn activities and cash converters buy/sell store activities in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan activities in Mexico, and Other International, which includes its CASHMAX financial services activities in Canada and its equity interest in Cash Converters International. It offers pawn loans, which are non-recourse loans, collateralized by tangible property, and it sells merchandise, primarily collateral forfeited from pawn lending activities and used merchandise purchased from clients at its pawn stores.
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