Consumer Portfolio Services (NASDAQ:CPSS) Shares Pass Above Fifty Day Moving Average of $3.52

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.52 and traded as high as $3.75. Consumer Portfolio Services shares last traded at $3.75, with a volume of 5,926 shares.

A number of equities research analysts have weighed in on CPSS shares. Zacks Investment Research cut shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. ValuEngine upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th.

The company has a 50 day moving average of $3.53. The stock has a market cap of $84.17 million, a PE ratio of 8.26 and a beta of 1.49. The company has a debt-to-equity ratio of 10.91, a quick ratio of 14.18 and a current ratio of 14.18.

Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Thursday, April 18th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). The firm had revenue of $88.23 million during the quarter, compared to the consensus estimate of $93.65 million. Consumer Portfolio Services had a return on equity of 5.84% and a net margin of 3.59%. On average, research analysts forecast that Consumer Portfolio Services, Inc. will post 0.38 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of CPSS. Bailard Inc. bought a new position in shares of Consumer Portfolio Services in the first quarter worth approximately $88,000. O Shaughnessy Asset Management LLC bought a new position in shares of Consumer Portfolio Services in the first quarter worth approximately $63,000. Brandywine Global Investment Management LLC bought a new position in shares of Consumer Portfolio Services in the fourth quarter worth approximately $26,000. Finally, Barclays PLC lifted its stake in shares of Consumer Portfolio Services by 18.6% in the fourth quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock worth $105,000 after buying an additional 5,476 shares in the last quarter. Hedge funds and other institutional investors own 48.06% of the company’s stock.

About Consumer Portfolio Services (NASDAQ:CPSS)

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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