ACCESS Newswire (NYSEAMERICAN:ACCS) Trading Up 0.7% – Here’s What Happened

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS)’s stock price traded up 0.7% during mid-day trading on Thursday . The stock traded as high as $9.85 and last traded at $9.59. 15,116 shares changed hands during trading, a decline of 35% from the average session volume of 23,398 shares. The stock had previously closed at $9.52.

ACCESS Newswire Stock Performance

The company has a 50 day simple moving average of $8.91. The stock has a market cap of $37.11 million, a PE ratio of -6.90 and a beta of 0.81. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 EPS for the quarter. ACCESS Newswire had a positive return on equity of 5.58% and a negative net margin of 23.53%.The company had revenue of $5.72 million during the quarter. On average, analysts forecast that ACCESS Newswire Inc. will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACCESS Newswire

Several hedge funds have recently bought and sold shares of the company. Topline Capital Management LLC purchased a new position in ACCESS Newswire during the second quarter worth about $8,724,000. Punch & Associates Investment Management Inc. raised its holdings in shares of ACCESS Newswire by 7.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company’s stock valued at $1,484,000 after acquiring an additional 9,960 shares in the last quarter. Bard Associates Inc. boosted its position in shares of ACCESS Newswire by 1.9% during the 3rd quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock valued at $1,443,000 after acquiring an additional 2,511 shares during the last quarter. Herald Investment Management Ltd purchased a new position in shares of ACCESS Newswire during the third quarter worth about $956,000. Finally, Geode Capital Management LLC purchased a new position in shares of ACCESS Newswire during the second quarter worth about $362,000. 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.