Ebix Inc (EBIX) Jumps 7.46% on January 20

Equities Staff |

Ebix Inc (EBIX) was among the biggest gainers on the Russell 2000 for Wednesday January 20 as the stock popped 7.46% to $32.15, representing a gain of $2.2322 per share. Some 444,584 shares traded hands on 4,486 trades, compared with an average daily volume of 348,271 shares out of a total float of 33.77 million. The stock opened at $29.40 and traded with an intraday range of $32.15 to $28.77.

After today's gains, Ebix Inc reached a market cap of $1.09 billion. Ebix Inc has had a trading range between $38.29 and $19.78 over the last year, and it had a 50-day SMA of $33.61 and a 200-day SMA of $30.98.

The stock has a P/E Ratio of 14.3.

Ebix Inc provides a series of application software products for the insurance industry from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries.

Ebix Inc is based out of Atlanta, GA and has some 2,343 employees. Its CEO is Robin Raina.

For a complete fundamental analysis analysis of Ebix Inc, check out Equities.com’s Stock Valuation Analysis report for EBIX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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