Eros International plc (NYSE:EROS) gapped up before the market opened on Tuesday . The stock had previously closed at $2.13, but opened at $2.34. Eros International shares last traded at $2.24, with a volume of 3,765,032 shares trading hands.
Separately, ValuEngine upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $3.03.
A number of institutional investors and hedge funds have recently made changes to their positions in EROS. Usca Ria LLC grew its holdings in shares of Eros International by 12.3% during the third quarter. Usca Ria LLC now owns 58,300 shares of the company’s stock valued at $111,000 after buying an additional 6,400 shares during the last quarter. First Foundation Advisors purchased a new stake in shares of Eros International during the second quarter valued at approximately $29,000. SG Americas Securities LLC purchased a new stake in shares of Eros International during the second quarter valued at approximately $34,000. Rhumbline Advisers grew its holdings in shares of Eros International by 77.9% during the third quarter. Rhumbline Advisers now owns 87,289 shares of the company’s stock valued at $167,000 after buying an additional 38,216 shares during the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Eros International during the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 37.34% of the company’s stock.
Eros International Company Profile (NYSE:EROS)
Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, including theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.
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