International Money Express (NASDAQ:IMXI) Raised to Hold at Wall Street Zen

International Money Express (NASDAQ:IMXIGet Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on IMXI

International Money Express Price Performance

IMXI stock opened at $14.59 on Friday. The stock’s 50 day moving average price is $13.65 and its 200 day moving average price is $14.94. The firm has a market cap of $440.76 million, a P/E ratio of 23.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96. International Money Express has a 1 year low of $11.15 and a 1 year high of $15.95.

Hedge Funds Weigh In On International Money Express

A number of institutional investors have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of International Money Express during the second quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new stake in International Money Express in the 2nd quarter worth approximately $40,000. Longfellow Investment Management Co. LLC purchased a new stake in International Money Express in the 2nd quarter worth approximately $70,000. Parallel Advisors LLC raised its holdings in International Money Express by 123.5% in the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock valued at $110,000 after acquiring an additional 3,842 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after acquiring an additional 1,840 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Company Profile

(Get Free Report)

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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