Shares of Ebix (EBIX) hit a new 52-week high today. Since I first recommended the stock to my Emerging Growth subscribers, the stock is up over 190% in just six months!
Ebix sells insurance industry software products and services in Asia, Australia, Europe and North America. This company is not your standard IT firm, however. The company’s Ebix.com web site acts as an online auctionhouse for auto, home, health, life and other types of insurance–and Ebix gets a fee on each transaction. It’s cutting-edge applications like this that make Ebix an industry leader.