Equities researchers at StockNews.com initiated coverage on shares of Insignia Systems (NASDAQ:ISIG – Get Free Report) in a research report issued on Monday. The brokerage set a “sell” rating on the business services provider’s stock.
Insignia Systems Stock Up 0.5 %
Insignia Systems stock opened at $7.61 on Monday. The stock has a market cap of $13.70 million, a PE ratio of 1.18 and a beta of 1.87. Insignia Systems has a 12-month low of $5.48 and a 12-month high of $9.84. The business’s 50-day moving average price is $7.65 and its two-hundred day moving average price is $7.99.
Insignia Systems (NASDAQ:ISIG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.91 earnings per share for the quarter. Insignia Systems had a net margin of 45.65% and a return on equity of 103.74%. The company had revenue of $12.83 million for the quarter.
Institutional Investors Weigh In On Insignia Systems
Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. purchased a new position in shares of Insignia Systems during the first quarter worth approximately $33,000. Dimensional Fund Advisors LP purchased a new position in Insignia Systems in the 1st quarter worth $138,000. Finally, Millennium Management LLC purchased a new position in Insignia Systems in the 2nd quarter worth $133,000. 5.71% of the stock is owned by hedge funds and other institutional investors.
About Insignia Systems
Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services, brand equity signs, tear pads, and display marketing solutions; display solutions, such as a range of fully customized temporary, semi-permanent, and permanent displays; merchandising solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions.
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