International Money Express (NASDAQ:IMXI – Get Free Report) issued its earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12), FiscalAI reports. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The business had revenue of $131.16 million for the quarter, compared to the consensus estimate of $143.59 million.
International Money Express Price Performance
NASDAQ:IMXI traded down $0.37 during trading hours on Monday, reaching $11.82. The stock had a trading volume of 588,261 shares, compared to its average volume of 426,836. The stock has a market capitalization of $355.66 million, a PE ratio of 13.91 and a beta of 0.76. International Money Express has a 52 week low of $11.15 and a 52 week high of $15.95. The company has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $15.05. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84.
Institutional Investors Weigh In On International Money Express
Several large investors have recently bought and sold shares of the business. Creative Planning bought a new position in International Money Express during the second quarter valued at $272,000. Norges Bank bought a new stake in shares of International Money Express in the 2nd quarter worth about $1,124,000. Quantbot Technologies LP raised its position in shares of International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock valued at $327,000 after buying an additional 8,487 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after buying an additional 7,256 shares in the last quarter. Finally, First Trust Advisors LP grew its position in International Money Express by 2.1% in 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. Institutional investors own 86.71% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on International Money Express
About International Money Express
International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.
The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.
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