Eros International Target of Unusually Large Options Trading (EROS)
Eros International plc (NYSE:EROS) was the target of unusually large options trading activity on Friday. Traders bought 2,407 put options on the stock. This represents an increase of approximately 965% compared to the typical volume of 226 put options.
Eros International (NYSE EROS) opened at $11.00 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $566.79, a price-to-earnings ratio of 275.07, a P/E/G ratio of 3.76 and a beta of 0.56. Eros International has a 12 month low of $6.65 and a 12 month high of $16.90.
Eros International (NYSE:EROS) last issued its earnings results on Wednesday, November 22nd. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Eros International had a net margin of 0.96% and a return on equity of 0.22%. analysts expect that Eros International will post 0.2 EPS for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. ValuEngine downgraded shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. BidaskClub upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Wells Fargo & Co restated an “outperform” rating and issued a $17.00 price target (up previously from $16.00) on shares of Eros International in a research note on Monday, October 9th. Finally, Jefferies Group restated a “buy” rating and issued a $17.00 price target (up previously from $15.00) on shares of Eros International in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.00.
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Eros International Company Profile
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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