ACCESS Newswire (NYSEAMERICAN:ACCS) Shares Down 1.1% – Time to Sell?

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) traded down 1.1% during mid-day trading on Wednesday . The company traded as low as $8.12 and last traded at $8.12. 26,738 shares traded hands during trading, an increase of 191% from the average session volume of 9,191 shares. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital reduced their price target on shares of ACCESS Newswire from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $14.00.

ACCESS Newswire Stock Performance

The firm’s 50-day moving average is $9.67. The company has a market cap of $31.42 million, a P/E ratio of -5.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.80.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $5.72 million during the quarter. ACCESS Newswire had a positive return on equity of 4.77% and a negative net margin of 24.08%. Analysts anticipate that ACCESS Newswire Inc. will post 0.56 earnings per share for the current year.

Institutional Trading of ACCESS Newswire

Several institutional investors and hedge funds have recently modified their holdings of the business. Topline Capital Management LLC acquired a new position in shares of ACCESS Newswire in the second quarter worth $8,724,000. Herald Investment Management Ltd purchased a new stake in ACCESS Newswire during the 3rd quarter worth about $956,000. Geode Capital Management LLC purchased a new stake in ACCESS Newswire during the 2nd quarter worth about $362,000. Mink Brook Asset Management LLC acquired a new position in ACCESS Newswire in the 3rd quarter valued at about $219,000. Finally, Bridgeway Capital Management LLC purchased a new position in ACCESS Newswire in the 2nd quarter valued at about $163,000. Hedge funds and other institutional investors own 50.02% of the company’s stock.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.