Trade-Ideas LLC identified Ebix ( EBIX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ebix as such a stock due to the following factors:

  • EBIX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.0 million.
  • EBIX has traded 109,810 shares today.
  • EBIX is trading at a new lifetime high.

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More details on EBIX:

Ebix, Inc. provides on-demand software and e-commerce solutions for the insurance industry. The stock currently has a dividend yield of 0.6%. EBIX has a PE ratio of 21. Currently there is 1 analyst that rates Ebix a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Ebix has been 310,800 shares per day over the past 30 days. Ebix has a market cap of $1.5 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.88 and a short float of 37.3% with 17.96 days to cover. Shares are up 46.4% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Ebix as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 4.3%. Since the same quarter one year prior, revenues rose by 15.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.51, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, EBIX has a quick ratio of 2.11, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Software industry and the overall market, EBIX INC's return on equity exceeds that of both the industry average and the S&P 500.
  • The gross profit margin for EBIX INC is currently very high, coming in at 76.58%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 31.23% significantly outperformed against the industry average.

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