Investors Buy High Volume of Put Options on Ebix (EBIX)
Ebix (NASDAQ:EBIX) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 4,935 put options on the company, Analyst Ratings Net reports. This represents an increase of approximately 528% compared to the typical daily volume of 786 put options.
Shares of Ebix (NASDAQ:EBIX) traded down 14.56% during mid-day trading on Wednesday, hitting $12.73. 4,746,697 shares of the company’s stock traded hands. Ebix has a 1-year low of $8.21 and a 1-year high of $19.84. The stock’s 50-day moving average is $16.13 and its 200-day moving average is $15.3. The company has a market cap of $488.6 million and a price-to-earnings ratio of 10.07.
Ebix (NASDAQ:EBIX) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.04. The company had revenue of $51.40 million for the quarter, compared to the consensus estimate of $51.50 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Ebix will post $1.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Wednesday, May 28th.
Ebix, Inc (NASDAQ:EBIX) is an international supplier of software and e-commerce solutions to the insurance industry.
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