International Money Express Inc (NASDAQ:IMXI) Director John Rincon sold 100,000 shares of the firm’s 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.
NASDAQ:IMXI opened at $14.10 on Friday. The stock’s 50 day simple moving average is $13.84 and its 200-day simple moving average is $13.13. International Money Express Inc has a 12-month low of $10.31 and a 12-month high of $15.11. The firm has a market cap of $532.14 million, a P/E ratio of -282.00 and a beta of -0.24. 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 (NASDAQ:IMXI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.11. International Money Express had a return on equity of 24.08% and a net margin of 0.56%. The firm had revenue of $82.68 million for the quarter, compared to analyst estimates of $81.60 million. Research analysts forecast that International Money Express Inc will post 0.76 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded International Money Express from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, August 29th. BTIG Research restated a “buy” rating and set a $20.00 target price on shares of International Money Express in a research note on Monday, August 12th. Northland Securities set a $17.00 target price on International Money Express and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, ValuEngine lowered International Money Express from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. International Money Express presently has a consensus rating of “Buy” and a consensus price target of $16.75.
A number of hedge funds have recently made changes to their positions in the stock. Walleye Trading Advisors LLC acquired a new position in International Money Express during the second quarter worth $158,000. Walleye Trading LLC acquired a new position in International Money Express during the second quarter worth $182,000. Susquehanna International Group LLP acquired a new position in International Money Express during the second quarter worth $195,000. Citadel Advisors LLC boosted its position in International Money Express by 163.5% during the second quarter. Citadel Advisors LLC now owns 39,937 shares of the company’s stock worth $563,000 after purchasing an additional 24,781 shares in the last quarter. Finally, Morgan Stanley boosted its position in International Money Express by 356.4% during the second quarter. Morgan Stanley now owns 97,289 shares of the company’s stock worth $1,371,000 after purchasing an additional 75,972 shares in the last quarter. 37.23% of the stock is currently owned by hedge funds and other institutional investors.
About International Money Express
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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