First Cash Financial stock hits 52-week low at $101.6 By Investing.com

In a difficult economic environment, First cash financial Services Inc. (NASDAQ:) hit a 52-week low of $101.6, while the stock is showing a 1-year decline of -2.7%. InvestingPro: analysis shows that the company maintains strong fundamentals with a healthy current ratio of 4.31 and impressive earnings growth of 10.1% over the past twelve months. Despite market pressures, the company has maintained dividend payments for 9 consecutive years, demonstrating financial stability InvestingPro: analysis shows the stock to be slightly undervalued at current levels, with analyst targets suggesting potential upside.The platform offers 5 additional valuable insights for investors looking for deeper analysis.

In other recent news, FirstCash Holdings, Inc. reported an impressive increase in its third quarter results, with total revenue of $837 million, an increase of 6% over last year, driven primarily by third quarter gross with a 14% increase in origination volume from American First Finance (AFF) and an increase in same-store pawn receivables.The company also reported that net income increased in the third quarter compared to last year Adjusted net income rose 6% to $175 million in other recent developments, FirstCash CEO Douglas R. Rippel has stepped down from the board.His retirement comes after a three-year tenure that began after FirstCash’s acquisition of AFF in December 2021. Analysts such as Loop Capital and TD Cowen are positive expressed sentiment on FirstCash, maintaining a buy rating on the company, while BTIG initiated coverage.These are recent developments that highlight FirstCash growth and financial performance.

This article is powered by AI and reviewed by an editor. See our T&C for more information.