Information Services Group, Inc. (NASDAQ:III - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.20 and traded as high as $3.35. Information Services Group shares last traded at $3.33, with a volume of 109,718 shares traded.
Wall Street Analysts Forecast Growth
III has been the subject of a number of recent research reports. Barrington Research reissued an "outperform" rating and set a $3.50 price target on shares of Information Services Group in a research report on Wednesday, October 30th. Singular Research upgraded shares of Information Services Group to a "moderate buy" rating in a report on Wednesday, August 28th.
Check Out Our Latest Stock Analysis on Information Services Group
Information Services Group Trading Up 1.8 %
The company has a market cap of $165.74 million, a P/E ratio of -110.96, a PEG ratio of 2.51 and a beta of 0.96. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average is $3.20 and its 200-day moving average is $3.23.
Information Services Group (NASDAQ:III - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Information Services Group had a negative net margin of 0.38% and a positive return on equity of 7.48%. The firm had revenue of $64.26 million for the quarter, compared to analysts' expectations of $65.51 million. Research analysts anticipate that Information Services Group, Inc. will post 0.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Information Services Group
Several institutional investors have recently modified their holdings of III. CHICAGO TRUST Co NA purchased a new stake in shares of Information Services Group during the 2nd quarter valued at about $30,000. Arkadios Wealth Advisors bought a new stake in Information Services Group in the 2nd quarter worth approximately $32,000. Copeland Capital Management LLC purchased a new stake in Information Services Group during the 3rd quarter valued at $32,000. The Manufacturers Life Insurance Company bought a new position in shares of Information Services Group during the 2nd quarter valued at $35,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Information Services Group in the 1st quarter worth $45,000. 73.10% of the stock is owned by hedge funds and other institutional investors.
Information Services Group Company Profile
(
Get Free Report)
Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.
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