Eros International Plc (EROS) is under heavy pressure this session, following a new report from Alpha Exposure, reiterating their cautious stance on the name. The move comes on a big volume too with the issue currently trading more than 3.1 million shares, compared to the average volume of 1.3 million shares.
Shares of Eros International tanked to a fresh 52-week low of $6.84 in today’s midday trading session. The stock has ranged in a price between $6.84 to $8.59 after having opened the day at $8.57.
Eros International is a UK-based distributor of Indian language films in various formats worldwide. In the past 52 weeks, shares have traded between a low of $6.84 and a high of $39.01.
EROS is down 55.66% year-over-year and 57.94% year-to-date.