Large Outflow of Money Witnessed in Ebix

Ebix (EBIX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.96 million) and the uptick to downtick ratio was 0.25. The transaction value on upticks was $0.32 million and on downticks, the transaction value was $1.27 million. The transaction value of block trades during downticks was $0.92 million. The money flow was negative ($0.92 million), indicating the traders were booking profit on the price strength. Ebix (EBIX) rose $0.04 at $56.48, during intraday Wednesday , a rise of 0.07% over the previous days close.


Shares of Ebix Inc. appreciated by 1.06% during the last five trading days but lost 0.93% on a 4-week basis. Ebix Inc. is up 22.34% in the last 3-month period. Year-to-Date the stock performance stands at 75.14%.

Ebix (EBIX) : The consensus on Ebix (EBIX) based on 1 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Ebix (NASDAQ:EBIX): The stock opened at $56.52 and touched an intraday high of $57.17 on Wednesday. During the day, the stock corrected to an intraday low of $56.2, however, the bulls stepped in and pushed the price higher to close in the green at $57.13 with a gain of 1.22% for the day. The total traded volume for the day was 103,218. The stock had closed at $56.44 in the previous trading session.

Ebix, Inc. (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operation through four channels: Exchanges, Carrier Systems, Broker Systems, and Business Process Outsourcing. Ebix operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. Ebix designs and deploys back-end systems for P&C insurance brokers across the world. Ebix also designs and deploys on-demand and back-end systems for P&C insurance companies. Ebix provides business process outsourcing services, including project management and Risk Compliance Solutions (RCS) service offerings in the areas of insurance certificate creation and insurance certificate tracking.

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