Shares of Eros International plc (NYSE:EROS) shot up 6.9% during mid-day trading on Monday . The stock traded as high as $1.46 and last traded at $1.39, 4,738,230 shares changed hands during trading. An increase of 235% from the average session volume of 1,414,080 shares. The stock had previously closed at $1.30.

Separately, Citigroup dropped their price objective on Eros International from $13.00 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, June 11th.

The firm has a market cap of $97.13 million, a price-to-earnings ratio of 6.50 and a beta of -0.03. The firm’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $6.27. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.10 and a quick ratio of 1.10.

Eros International (NYSE:EROS) last announced its earnings results on Monday, July 15th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). Eros International had a positive return on equity of 1.35% and a negative net margin of 156.91%. The business had revenue of $69.75 million for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the company. Shah Capital Management acquired a new stake in Eros International in the second quarter valued at about $3,240,000. Geode Capital Management LLC lifted its position in Eros International by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 124,861 shares of the company’s stock valued at $1,035,000 after purchasing an additional 17,487 shares during the period. Bank of New York Mellon Corp lifted its position in Eros International by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 105,578 shares of the company’s stock valued at $875,000 after purchasing an additional 6,569 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Eros International in the second quarter valued at about $124,000. Finally, US Bancorp DE acquired a new stake in Eros International in the second quarter valued at about $80,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

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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