Eros International (EROS) Trading Up 7.2%

Eros International plc (NYSE:EROS) shares were up 7.2% on Friday . The company traded as high as $13.60 and last traded at $13.35. Approximately 654,381 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 388,295 shares. The stock had previously closed at $12.45.

A number of research analysts have weighed in on EROS shares. TheStreet upgraded shares of Eros International from a “d+” rating to a “c-” rating in a research report on Monday, February 26th. ValuEngine downgraded shares of Eros International from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Finally, Zacks Investment Research upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Eros International has a consensus rating of “Hold” and a consensus target price of $17.00.

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44.

Eros International (NYSE:EROS) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The firm had revenue of $65.19 million during the quarter, compared to analyst estimates of $65.30 million. Eros International had a positive return on equity of 0.40% and a negative net margin of 2.33%. equities research analysts predict that Eros International plc will post -0.01 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Eros International stock. California State Teachers Retirement System grew its position in Eros International plc (NYSE:EROS) by 18.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,754 shares of the company’s stock after acquiring an additional 7,133 shares during the period. California State Teachers Retirement System owned about 0.09% of Eros International worth $510,000 at the end of the most recent quarter. Institutional investors and hedge funds own 60.04% of the company’s stock.

About Eros International

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, such as 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 that includes music, inflight entertainment, home video, Internet protocol television, video on demand, and Internet channels, as well as Eros Now online entertainment service.

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