The stock of EZCORP Inc (NASDAQ:EZPW) hit a new 52-week high and has $16.25 target or 48.00% above today’s $10.98 share price. The 6 months bullish chart indicates low risk for the $618.48M company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $16.25 price target is reached, the company will be worth $296.87 million 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 305,596 shares traded hands. EZCORP Inc (NASDAQ:EZPW) has risen 276.31% since February 26, 2016 and is uptrending. It has outperformed by 265.88% the S&P500.
Analysts await EZCORP Inc (NASDAQ:EZPW) to report earnings on December, 29. They expect $0.06 earnings per share, up 128.57% or $0.27 from last year’s $-0.21 per share. EZPW’s profit will be $3.38M for 45.75 P/E if the $0.06 EPS becomes a reality. After $0.05 actual earnings per share 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 decreased to 0.95 in Q2 2016. Its down 0.02, from 0.97 in 2016Q1. The ratio worsened, 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.
Bnp Paribas Arbitrage Sa has 16,631 shares for 0% of their US portfolio. Manatuck Hill Prns Ltd, a Connecticut-based fund reported 30,000 shares. Schwab Charles Invest Mngmt Inc holds 0.01% of its portfolio in EZCORP Inc (NASDAQ:EZPW) for 569,314 shares. Lafitte Mngmt Limited Partnership last reported 15.75% of its portfolio in the stock. Moreover, Commercial Bank Of New York Mellon has 0% invested in EZCORP Inc (NASDAQ:EZPW) for 508,343 shares. Comerica Bank & Trust holds 0% or 50,683 shares in its portfolio. Public Sector Pension Invest Board, a Quebec – Canada-based fund reported 35,733 shares. Moreover, Geode Cap Management has 0% invested in EZCORP Inc (NASDAQ:EZPW) for 381,681 shares. First Wilshire Mngmt Incorporated accumulated 809,710 shares or 1.97% of the stock. Moreover, Prudential Financial has 0% invested in EZCORP Inc (NASDAQ:EZPW) for 120,066 shares. Pnc Fincl Services Grp holds 0% or 390 shares in its portfolio. Ims Cap Mgmt has 40,446 shares for 0.36% of their US portfolio. Blackrock Grp Limited, a United Kingdom-based fund reported 71,731 shares. Profund Advsr Ltd accumulated 16,790 shares or 0.01% of the stock. The New York-based Morgan Stanley has invested 0% in EZCORP Inc (NASDAQ:EZPW).
More recent EZCORP Inc (NASDAQ:EZPW) news were published by: Fool.com which released: “Why EZCORP Inc. Stock is Rocketing Today” on May 10, 2016. Also Reuters.com published the news titled: “BRIEF-Ezcorp Inc says enters into agreement to sell Grupo Finmart” on July 06, 2016. Bizjournals.com‘s news article titled: “EZCorp, mired in disclosure missteps, hires new chief accountant” with publication date: January 11, 2016 was also an interesting one.
EZPW Company Profile
EZCORP, Inc., incorporated on May 18, 1989, is engaged in delivering instant cash solutions to clients across channels, products, services and markets. The Firm offers clients multiple ways to access instant cash through approximately 1,400 locations and branches across the United States, Mexico, Canada and the United Kingdom. Products are offered through four primary channels: in-store, online, worksite and through a mobile platform. It provides a variety of instant cash solutions, including collateralized, non-recourse loans, known as pawn loans, and a variety of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and multiple payment auto title loans. In some United States locations (primarily in Texas), the Company does not offer loan products themselves, but rather offer credit services to help clients obtain loans from independent third-party lenders.
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