ePlus (NASDAQ:PLUS) Hits New 52-Week Low – What’s Next?

Shares of ePlus inc. (NASDAQ:PLUS) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $67.34 and last traded at $67.43, with a volume of 11885 shares trading hands. The stock had previously closed at $69.06.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

ePlus Price Performance

The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.65 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 1.83. The business has a 50 day simple moving average of $76.92 and a 200-day simple moving average of $86.46.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities research analysts expect that ePlus inc. will post 4.26 earnings per share for the current year.

Institutional Investors Weigh In On ePlus

A number of hedge funds have recently modified their holdings of PLUS. Smartleaf Asset Management LLC raised its holdings in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares during the period. Larson Financial Group LLC raised its holdings in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after acquiring an additional 307 shares during the period. Jones Financial Companies Lllp raised its holdings in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC raised its holdings in ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Finally, National Bank of Canada FI bought a new stake in ePlus during the 3rd quarter valued at $76,000. Institutional investors own 93.80% of the company’s stock.

About ePlus

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.