Eros International plc (NYSE:EROS) dropped 14.5% during mid-day trading on Monday . The stock traded as low as $9.27 and last traded at $9.36. Approximately 873,501 shares changed hands during trading, an increase of 132% from the average daily volume of 377,174 shares. The stock had previously closed at $10.95.

EROS has been the topic of several recent analyst reports. ValuEngine cut shares of Eros International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Citigroup initiated coverage on shares of Eros International in a research report on Tuesday, August 14th. They set a “buy” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.50.

The stock has a market cap of $681.48 million, a PE ratio of 37.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.25.

Eros International (NYSE:EROS) last released its quarterly earnings data on Thursday, November 15th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The firm had revenue of $63.43 million for the quarter, compared to analysts’ expectations of $72.60 million. Eros International had a negative net margin of 7.95% and a positive return on equity of 2.76%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Eros International by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 99,009 shares of the company’s stock worth $1,192,000 after purchasing an additional 6,931 shares during the last quarter. California State Teachers Retirement System increased its position in Eros International by 18.0% in the first quarter. California State Teachers Retirement System now owns 46,754 shares of the company’s stock worth $510,000 after purchasing an additional 7,133 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Eros International by 39.4% in the third quarter. TIAA CREF Investment Management LLC now owns 93,015 shares of the company’s stock worth $1,121,000 after purchasing an additional 26,299 shares during the last quarter. Cim Investment Mangement Inc. bought a new stake in Eros International in the third quarter worth $463,000. Finally, Capital World Investors bought a new stake in Eros International in the third quarter worth $96,337,000. Institutional investors own 55.30% of the company’s stock.

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About Eros International (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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