Ebix Inc. Stock Downgraded (EBIX)
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- The revenue growth came in higher than the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 26.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Although EBIX's debt-to-equity ratio of 0.24 is very low, it is currently higher than that of the industry average. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.12, which illustrates the ability to avoid short-term cash problems.
- EBIX has underperformed the S&P 500 Index, declining 21.77% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- Net operating cash flow has decreased to $19.28 million or 12.61% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
-- Written by a member of TheStreet Ratings Staff
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