Intermex slides on annual forecast cut

Shares of money transfer services provider International Money Express, better known as Intermex IMXI.O, slide 11.2% to $11 premarket

IMXI cuts annual forecasts for profit and revenue, citing economic uncertainty

"Current levels of uncertainty and volatility affecting market conditions and consumer behavior, have increased the difficulty of reliably forecasting short-term results" - IMXI

IMXI is also discontinuing issuing quarterly guidance

2 of 8 brokerages rate the stock "buy" and 6 "hold"; median PT $19 - data compiled by LSEG

As of last close, IMXI stock was down 40.5% YTD