Information Services Group (NASDAQ:III - Get Free Report) was upgraded by stock analysts at Singular Research to a "moderate buy" rating in a report issued on Wednesday, Zacks.com reports.
Separately, Barrington Research reiterated an "outperform" rating and issued a $3.50 price objective on shares of Information Services Group in a research report on Wednesday, August 7th.
Get Our Latest Analysis on Information Services Group
Information Services Group Price Performance
Shares of III stock traded up $0.03 during trading hours on Wednesday, reaching $3.50. The company had a trading volume of 59,849 shares, compared to its average volume of 106,114. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a fifty day moving average of $3.26 and a 200-day moving average of $3.53. The company has a market capitalization of $170.33 million, a price-to-earnings ratio of -175.00, a PEG ratio of 1.46 and a beta of 0.95. Information Services Group has a 12-month low of $2.92 and a 12-month high of $5.36.
Information Services Group (NASDAQ:III - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $64.26 million during the quarter, compared to analyst estimates of $65.51 million. Information Services Group had a positive return on equity of 7.81% and a negative net margin of 0.26%. On average, equities analysts anticipate that Information Services Group will post 0.12 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA acquired a new stake in shares of Information Services Group in the second quarter valued at $30,000. Arkadios Wealth Advisors acquired a new stake in shares of Information Services Group in the second quarter valued at $32,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Information Services Group in the second quarter valued at $35,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Information Services Group in the first quarter valued at $45,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Information Services Group in the second quarter valued at $57,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.
About Information Services Group
(
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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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