NINE MASTS CAPITAL Ltd Makes New Investment in International Money Express, Inc. $IMXI

NINE MASTS CAPITAL Ltd acquired a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 39,192 shares of the company’s stock, valued at approximately $566,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in International Money Express in the 2nd quarter valued at $33,315,000. Deutsche Bank AG purchased a new stake in International Money Express in the 2nd quarter worth $385,000. Longfellow Investment Management Co. LLC acquired a new position in International Money Express during the second quarter worth $70,000. Alberta Investment Management Corp acquired a new position in International Money Express during the second quarter worth $11,173,000. Finally, Bank of New York Mellon Corp purchased a new position in International Money Express during the second quarter valued at $1,120,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IMXI. Wall Street Zen raised shares of International Money Express from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Money Express in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Money Express has a consensus rating of “Reduce”.

International Money Express Trading Up 2.1%

Shares of IMXI opened at $14.89 on Tuesday. International Money Express, Inc. has a 52-week low of $11.15 and a 52-week high of $15.95. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $13.65 and its two-hundred day moving average is $14.93. The stock has a market cap of $449.83 million, a PE ratio of 24.02 and a beta of 0.76.

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.