ePlus (NASDAQ:PLUS) Hits New 52-Week Low – Time to Sell?

Shares of ePlus inc. (NASDAQ:PLUS) hit a new 52-week low during trading on Thursday . The stock traded as low as $65.33 and last traded at $65.48, with a volume of 84025 shares changing hands. The stock had previously closed at $66.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd.

ePlus Stock Down 3.4 %

The stock has a market cap of $1.70 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $74.68 and a 200 day moving average of $85.11.

ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. On average, equities research analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

Institutional Trading of ePlus

A number of hedge funds and other institutional investors have recently made changes to their positions in PLUS. Smartleaf Asset Management LLC increased its position in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after buying an additional 163 shares during the period. Foundry Partners LLC increased its holdings in shares of ePlus by 3.8% in the 4th quarter. Foundry Partners LLC now owns 7,469 shares of the software maker’s stock valued at $552,000 after acquiring an additional 274 shares during the period. Cascade Investment Advisors Inc. raised its position in ePlus by 1.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after purchasing an additional 275 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares during the period. Finally, Larson Financial Group LLC grew its position in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares during the last quarter. Institutional investors and hedge funds 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.