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 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 Inc has a 12-month low of $10.31 and a 12-month high of $15.11. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.81. The company’s 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $13.32.
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 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. 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. BTIG Research reissued a “buy” rating and issued a $20.00 target price on shares of International Money Express in a research report on Monday, August 12th. Finally, Zacks Investment Research raised International Money Express from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday. 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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