Consumer Portfolio Services (NASDAQ:CPSS) Shares Pass Above 200-Day Moving Average of $0.00

Shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $4.89. Consumer Portfolio Services shares last traded at $4.73, with a volume of 31,451 shares.

Separately, Zacks Investment Research upgraded Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 13th.

The business has a fifty day moving average price of $4.59. The stock has a market cap of $112.44 million, a PE ratio of 7.06 and a beta of 2.59. The company has a debt-to-equity ratio of 13.26, a quick ratio of 16.79 and a current ratio of 16.79.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Sunday, May 9th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $63.11 million for the quarter, compared to the consensus estimate of $64.68 million. Consumer Portfolio Services had a return on equity of 12.21% and a net margin of 6.09%. Analysts expect that Consumer Portfolio Services, Inc. will post 0.76 EPS for the current year.

A hedge fund recently raised its stake in Consumer Portfolio Services stock. Renaissance Technologies LLC grew its stake in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,458 shares of the credit services provider’s stock after acquiring an additional 78,700 shares during the period. Renaissance Technologies LLC owned 2.20% of Consumer Portfolio Services worth $2,105,000 at the end of the most recent quarter. Institutional investors and hedge funds own 48.94% of the company’s stock.

About Consumer Portfolio Services (NASDAQ:CPSS)

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems.

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