StockNews.com downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS – Get Rating) from a buy rating to a hold rating in a report issued on Monday morning.
Consumer Portfolio Services Stock Performance
NASDAQ CPSS opened at $9.26 on Monday. The company has a market capitalization of $193.16 million, a price-to-earnings ratio of 2.89 and a beta of 2.21. Consumer Portfolio Services has a twelve month low of $4.64 and a twelve month high of $15.47. The stock has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $8.89. The company has a quick ratio of 8.73, a current ratio of 8.73 and a debt-to-equity ratio of 9.78.
Insider Activity at Consumer Portfolio Services
In other news, Director Greg Washer purchased 9,000 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were purchased at an average price of $7.77 per share, for a total transaction of $69,930.00. Following the transaction, the director now owns 226,000 shares of the company’s stock, valued at $1,756,020. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 64.40% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Consumer Portfolio Services
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc operates as an independent finance company. The firm provides indirect automobile financing to individuals with past credit problems, low incomes, and limited credit histories. It engages in purchase and service of retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.
- Get a free copy of the StockNews.com research report on Consumer Portfolio Services (CPSS)
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