International Money Express (NASDAQ:IMXI) Cut to Sell at Wall Street Zen

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

Separately, Weiss Ratings lowered International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, International Money Express presently has a consensus rating of “Reduce”.

International Money Express Stock Performance

NASDAQ IMXI opened at $14.54 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84. International Money Express has a one year low of $8.58 and a one year high of $15.95. The company has a 50-day simple moving average of $15.07 and a 200-day simple moving average of $15.43. The firm has a market capitalization of $437.51 million, a PE ratio of 17.11 and a beta of 0.75.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IMXI. Raymond James Financial Inc. bought a new position in International Money Express in the 2nd quarter worth about $40,000. Parallel Advisors LLC increased its stake in shares of International Money Express by 123.5% in the first quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock valued at $110,000 after purchasing an additional 3,842 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of International Money Express by 31.2% during the fourth quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after buying an additional 1,840 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of International Money Express during the fourth quarter valued at approximately $138,000. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of International Money Express during the third quarter worth approximately $133,000. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Company Profile

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.