StockNews.com initiated coverage on Insignia Systems' (NASDAQ:ISIG - Free Report) shares in a research note published on Saturday. The firm assigned a sell rating to the stock of the business services provider.
Stock of Insignia Systems Down by 1.9%
On Friday, Insignia Systems stock began trading at $7.57. The company's 50-day simple moving average stands at $7.56, while its 200-day simple moving average is $8.06. The stock's market cap is $13.63 million, with a price-to-earnings ratio of 1.17 and a beta of 1.87. Over the past 12 months, Insignia Systems' stock has fluctuated between a low of $5.48 and a high of $10.80.
Insignia Systems (NASDAQ:ISIG - Free Report) last released its earnings data on Tuesday, May 9th. The provider of business services posted earnings per share (EPS) of $0.91 for the quarter. The company's return on equity was 103.74%, with a net margin of 45.65%. For the quarter, the firm generated revenue of $12.83 million.
Institutional Investors Consider Insignia Systems
Numerous institutional investors have lately purchased and sold shares in the company. Dimensional Fund Advisors LP acquired a new stake in Insignia Systems shares during the 1st quarter, valued at roughly $138,000. Millennium Management LLC also acquired a new stake in Insignia Systems shares during the 2nd quarter, valued at about $133,000. Lastly, Citigroup Inc. purchased a new stake in Insignia Systems shares during the 1st quarter, valued at around $33,000. Institutional investors hold 5.71% of the company's stock.
Profile of Insignia Systems Company
Insignia Systems, Inc delivers in-store advertising solutions to manufacturers of consumer-packaged goods, retailers, shopper marketing agencies, and brokerages across the United States. It provides in-store signage solutions, offering point-of-purchase services, brand equity signs, tear pads, and display marketing solutions. It also offers display solutions, including a variety of fully customized temporary, semi-permanent, and permanent displays. Additionally, it provides merchandising solutions and on-pack solutions, which encompass BoxTalk, coupons, recipes, and cross-promotions.
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