ePlus inc. (NASDAQ:PLUS – Get Rating) fell 4.6% on Thursday . The company traded as low as $53.97 and last traded at $54.34. 2,099 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 128,271 shares. The stock had previously closed at $56.98.
A number of brokerages have weighed in on PLUS. StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th.
The business has a fifty day moving average price of $55.63 and a 200-day moving average price of $57.74. The company has a current ratio of 1.69, a quick ratio of 1.43 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.50 billion, a PE ratio of 15.81 and a beta of 1.24.
About ePlus (NASDAQ:PLUS)
ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus cloud consulting, staff augmentation, server and desktop support, and project management services.
- Get a free copy of the StockNews.com research report on ePlus (PLUS)
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