Shares of Ebix Inc. (NASDAQ:EBIX) traded at a new 52-week high today of $87.30. So far today approximately 27 million shares have been exchanged, as compared to an average 30-day volume of 496,000 shares.
Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The firm generates most of its revenue from data exchanges in life insurance, annuities, health benefits, risk management, and workers’ compensation. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. The company derives revenue from subscriptions and transaction fees for its services. Ebix generates the majority of its revenue in the United States, but it has a presence in Latin American, European, and Asia-Pacific regions.
In the past 52 weeks, Ebix Inc. share prices are bracketed by a current low of $8.75 and a high of $44.42 and is now at $32.96.
Ebix Inc. (NASDAQ:EBIX) is currently priced 2.1% above its average consensus analyst price target of $32.27.
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