ePlus (NASDAQ:PLUS) Sets New 52-Week Low – Should You Sell?

Shares of ePlus inc. (NASDAQ:PLUS) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $66.70 and last traded at $66.70, with a volume of 92582 shares. The stock had previously closed at $69.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a report on Saturday.

ePlus Price Performance

The business has a 50-day moving average price of $75.28 and a 200 day moving average price of $85.47. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, research analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Institutional Trading of ePlus

A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in shares of ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Foundry Partners LLC increased its stake in shares of ePlus by 3.8% in the fourth quarter. Foundry Partners LLC now owns 7,469 shares of the software maker’s stock worth $552,000 after acquiring an additional 274 shares during the last quarter. Cascade Investment Advisors Inc. increased its stake in shares of ePlus by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock worth $1,182,000 after acquiring an additional 275 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after acquiring an additional 303 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in ePlus by 6,140.0% during 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 during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Company Profile

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.