Research Solutions (NASDAQ:RSSS) Posts Earnings Results, Misses Estimates By $0.09 EPS

Research Solutions (NASDAQ:RSSS - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09), Zacks reports. Research Solutions had a negative net margin of 4.57% and a positive return on equity of 8.43%. The firm had revenue of $11.91 million for the quarter, compared to analyst estimates of $11.86 million.

Research Solutions Price Performance

Research Solutions stock traded down $0.29 during trading hours on Monday, hitting $3.62. The company had a trading volume of 254,368 shares, compared to its average volume of 131,650. The firm has a market capitalization of $118.81 million, a P/E ratio of -45.25, a price-to-earnings-growth ratio of 5.03 and a beta of 0.54. The firm's fifty day moving average is $3.91 and its 200-day moving average is $3.21. Research Solutions has a fifty-two week low of $2.38 and a fifty-two week high of $4.24.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer's internal datasets.