Ebix Target of Unusually Large Options Trading (EBIX)
Shares of Ebix (NASDAQ:EBIX) was the target of unusually large options trading on Monday. Stock traders bought 11,698 put options on the stock, American Banking and Market News reports. This represents an increase of approximately 175% compared to the typical daily volume of 4,255 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.
Shares of Ebix (NASDAQ:EBIX) traded down 0.80% during mid-day trading on Monday, hitting $9.91. The stock had a trading volume of 1,775,847 shares. Ebix has a 52 week low of $8.21 and a 52 week high of $24.45. The stock’s 50-day moving average is $11.01 and its 200-day moving average is $14.67. The company has a market cap of $376.2 million and a price-to-earnings ratio of 5.74.
Ebix (NASDAQ:EBIX) last issued its quarterly 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. Analysts expect that Ebix will post $1.44 EPS 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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