International Money Express, Inc. (NASDAQ:IMXI) Given Average Recommendation of “Hold” by Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.60.

A number of research analysts recently issued reports on IMXI shares. Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Northland Capmk lowered shares of International Money Express from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings upgraded International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th.

International Money Express Price Performance

International Money Express stock opened at $14.80 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $439.26 million, a P/E ratio of 9.02 and a beta of 0.90. The business has a 50-day moving average of $14.25 and a 200-day moving average of $12.09. International Money Express has a 1 year low of $8.58 and a 1 year high of $22.37.

Hedge Funds Weigh In On International Money Express

Institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its holdings in International Money Express by 3.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 28,700 shares of the company’s stock worth $362,000 after buying an additional 1,000 shares during the period. First Trust Advisors LP increased its position in shares of International Money Express by 2.1% during the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after acquiring an additional 1,881 shares in the last quarter. Invesco Ltd. raised its holdings in shares of International Money Express by 3.3% during the first quarter. Invesco Ltd. now owns 68,837 shares of the company’s stock worth $869,000 after acquiring an additional 2,194 shares during the period. PNC Financial Services Group Inc. lifted its position in International Money Express by 19.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock valued at $141,000 after acquiring an additional 2,224 shares in the last quarter. Finally, Quarry LP acquired a new position in International Money Express in the 1st quarter worth $31,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.