International Money Express Inc (NASDAQ:IMXI) Director John Rincon sold 100,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.96, for a total value of $1,196,000.00.
IMXI traded up $0.20 during trading on Friday, hitting $13.75. 148,338 shares of the company’s stock traded hands, compared to its average volume of 429,281. The company’s 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $13.32. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.81. International Money Express Inc has a 12-month low of $10.31 and a 12-month high of $15.11. The stock has a market capitalization of $512.77 million, a price-to-earnings ratio of 54.00 and a beta of -0.23.
International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.11. The firm had revenue of $82.68 million for the quarter, compared to the consensus estimate of $81.60 million. International Money Express had a return on equity of 24.08% and a net margin of 0.56%. On average, equities analysts expect that International Money Express Inc will post 0.76 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in IMXI. Strs Ohio bought a new position in International Money Express in the 2nd quarter worth $49,000. Walleye Trading Advisors LLC bought a new stake in International Money Express during the second quarter valued at about $158,000. Walleye Trading LLC bought a new stake in shares of International Money Express in the second quarter worth about $182,000. Wells Fargo & Company MN increased its holdings in shares of International Money Express by 12.2% in the second quarter. Wells Fargo & Company MN now owns 13,640 shares of the company’s stock worth $192,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of International Money Express in the second quarter worth about $195,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.
Several brokerages recently weighed in on IMXI. ValuEngine cut International Money Express from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BTIG Research reaffirmed a “buy” rating and set a $20.00 price target on shares of International Money Express in a research report on Monday, August 12th. Zacks Investment Research raised International Money Express from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday. Finally, Northland Securities set a $17.00 price target on International Money Express and gave the company a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.50.
International Money Express Company Profile
International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.
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