Eros International (NYSE:EROS) Trading Up 5.7%

Eros International plc (NYSE:EROS)’s share price was up 5.7% during mid-day trading on Monday . The company traded as high as $1.77 and last traded at $1.86, approximately 484,241 shares changed hands during mid-day trading. A decline of 92% from the average daily volume of 6,122,624 shares. The stock had previously closed at $1.76.

Separately, ValuEngine raised shares of Eros International from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $4.00. The firm has a market capitalization of $182.83 million, a PE ratio of 7.90 and a beta of -0.11.

Several institutional investors and hedge funds have recently modified their holdings of EROS. Shah Capital Management bought a new stake in shares of Eros International during the 2nd quarter valued at about $3,240,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Eros International in the 2nd quarter worth approximately $124,000. US Bancorp DE bought a new stake in shares of Eros International in the 2nd quarter worth approximately $80,000. Marshall Wace LLP bought a new stake in shares of Eros International in the 1st quarter worth approximately $446,000. Finally, SG Americas Securities LLC bought a new stake in shares of Eros International in the 2nd quarter worth approximately $34,000. 36.41% of the stock is owned by institutional investors and hedge funds.

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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