Information Services Group (NASDAQ:III) Shares Cross Below Two Hundred Day Moving Average of $4.06

Shares of Information Services Group, Inc. (NASDAQ:IIIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.06 and traded as low as $3.11. Information Services Group shares last traded at $3.15, with a volume of 88,402 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $3.50 target price on shares of Information Services Group in a report on Tuesday, May 28th. StockNews.com downgraded Information Services Group from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

Get Our Latest Analysis on III

Information Services Group Stock Up 0.6 %

The company has a market capitalization of $153.29 million, a P/E ratio of -157.50, a PEG ratio of 1.20 and a beta of 0.95. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $3.43 and a 200 day moving average price of $4.06.

Information Services Group (NASDAQ:IIIGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. The firm had revenue of $64.27 million during the quarter, compared to the consensus estimate of $66.05 million. On average, research analysts anticipate that Information Services Group, Inc. will post 0.14 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, June 14th. Information Services Group’s payout ratio is -900.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Summit Global Investments raised its position in Information Services Group by 21.1% during the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock worth $105,000 after purchasing an additional 3,900 shares during the last quarter. Potomac Capital Management Inc. raised its position in Information Services Group by 4.7% during the 3rd quarter. Potomac Capital Management Inc. now owns 166,000 shares of the business services provider’s stock worth $727,000 after purchasing an additional 7,518 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Information Services Group during the 1st quarter worth $45,000. Quadrature Capital Ltd raised its position in Information Services Group by 88.0% during the 1st quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock worth $106,000 after purchasing an additional 12,289 shares during the last quarter. Finally, EMC Capital Management raised its position in Information Services Group by 277.3% during the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after purchasing an additional 12,629 shares during the last quarter. 73.10% of the stock is owned by 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.

Featured Stories

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.