Ieg Holdings Corp (NASDAQ:IEGH) has been downgraded to Sell in a report by Zacks Investment Research earlier today.
- Updated: September 22, 2016
Zacks Investment Research has downgraded Ieg Holdings Corp (NASDAQ:IEGH) to Sell in a statement released on Thursday September 22, 2016.
Showing a price of $0.80, Ieg Holdings Corp (NASDAQ:IEGH) traded -2.44% lower on the day. The last closing price is down -74.30% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $1.19 and a 200-day moving average of $3.11. 2,000 shares of Ieg Holdings Corp traded, up from an avg. volume of 1,919
With a total market value of $0, Ieg Holdings Corp has with a 52 week low of $0.51 and a 52 week high of $10.00 .
About Ieg Holdings Corp (NASDAQ:IEGH)
IEG Holdings Corporation is a consumer finance company. The Company is engaged in the business of providing unsecured consumer loans ranging from $2,000 to $10,000. The Company operates in Consumer Loans segment. It offers loans online under the consumer brand Mr. Amazing Loans through its Website and online application portal at www.mramazingloans.com. It has obtained additional state lending licenses, and are licensed and originating direct consumer loans in the states of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. It has approximately 80 loans in default representing over 4.81% of the number of loans in its active portfolio. Its subsidiaries include Investment Evolution Corporation, which holds state licenses, leases, employee contracts, and other operating and administrative expenses, and IEC SPV, LLC, which is a bankruptcy remote special purpose vehicle.
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