Investors Purchase Large Volume of Put Options on Ebix (EBIX)
Shares of Ebix (NASDAQ:EBIX) saw some unusual options trading on Wednesday. Traders bought 37,027 put options on the company, ARN reports. This represents an increase of approximately 967% compared to the typical volume of 3,470 put options.
Separately, analysts at TheStreet downgraded shares of Ebix (NASDAQ:EBIX) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 2nd.
Ebix (NASDAQ:EBIX) traded down 1.03% during mid-day trading on Wednesday, hitting $10.60. 996,774 shares of the company’s stock traded hands. Ebix has a one year low of $8.21 and a one year high of $24.69. The stock has a 50-day moving average of $11.15 and a 200-day moving average of $14.8. The company has a market cap of $402.4 million and a P/E ratio of 6.15.
Ebix (NASDAQ:EBIX) last released its earnings data on Friday, August 9th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $51.00 million for the quarter, compared to the consensus estimate of $52.00 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Ebix will post $1.44 earnings per share for the current fiscal year.
Ebix, Inc (NASDAQ:EBIX) is an international supplier of software and e-commerce solutions to the insurance industry.
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