ePlus inc. (NASDAQ:PLUS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $86.45 and traded as low as $74.30. ePlus shares last traded at $74.45, with a volume of 177,948 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded ePlus from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.
Read Our Latest Stock Report on PLUS
ePlus Stock Down 0.0 %
The company has a market capitalization of $1.99 billion, a PE ratio of 18.47, a PEG ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. The stock's 50 day moving average is $81.58 and its 200 day moving average is $86.46.
Institutional Trading of ePlus
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in shares of ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock worth $31,000 after buying an additional 307 shares in the last quarter. GAMMA Investing LLC increased its holdings in ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock worth $37,000 after acquiring an additional 252 shares during the period. National Bank of Canada FI purchased a new stake in ePlus in the 3rd quarter worth approximately $76,000. Advisors Asset Management Inc. boosted its holdings in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock valued at $110,000 after purchasing an additional 342 shares during the period. Finally, CWM LLC boosted its holdings in ePlus by 170.2% in the 3rd quarter. CWM LLC now owns 1,602 shares of the software maker's stock valued at $158,000 after purchasing an additional 1,009 shares during the period. 93.80% of the stock is currently owned by institutional investors.
About ePlus
(
Get Free Report)
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 through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.
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