International Money Express (NASDAQ:IMXI) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of International Money Express (NASDAQ:IMXI) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings cut International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

International Money Express Trading Up 0.9%

IMXI opened at $15.36 on Friday. International Money Express has a 12 month low of $8.58 and a 12 month high of $15.95. The stock has a market capitalization of $462.18 million, a price-to-earnings ratio of 18.07 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.51. The business has a fifty day moving average price of $15.80 and a 200 day moving average price of $15.52.

International Money Express (NASDAQ:IMXI) last released its earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.28). The company had revenue of $121.95 million for the quarter, compared to analyst estimates of $141.02 million. International Money Express had a return on equity of 23.26% and a net margin of 4.34%. Sell-side analysts expect that International Money Express will post 1.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Money Express

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of International Money Express during the 2nd quarter worth approximately $40,000. Parallel Advisors LLC raised its stake in shares of International Money Express by 123.5% during the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock worth $110,000 after buying an additional 3,842 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of International Money Express by 31.2% during the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after buying an additional 1,840 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of International Money Express by 7,457.6% during the 3rd quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after buying an additional 8,800 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of International Money Express during the 4th quarter worth approximately $138,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

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.