Information Services Group (NASDAQ:III) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Information Services Group, Inc. (NASDAQ:III)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.38 and traded as high as $3.40. Information Services Group shares last traded at $3.33, with a volume of 80,505 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barrington Research raised their target price on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th.

Information Services Group Trading Up 0.6 %

The business has a 50 day moving average of $3.38 and a two-hundred day moving average of $3.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $164.39 million, a price-to-earnings ratio of -47.85, a P/E/G ratio of 3.06 and a beta of 0.99.

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. Information Services Group’s dividend payout ratio (DPR) is currently -257.14%.

Insider Transactions at Information Services Group

In other news, Director Kalpana Raina sold 15,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $3.35, for a total value of $50,501.25. Following the completion of the transaction, the director now owns 359,338 shares in the company, valued at $1,203,782.30. This trade represents a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 44,931 shares of company stock worth $150,425. 16.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC purchased a new position in shares of Information Services Group during the third quarter valued at $32,000. Arkadios Wealth Advisors purchased a new stake in Information Services Group during the 2nd quarter worth approximately $32,000. The Manufacturers Life Insurance Company acquired a new position in Information Services Group during the second quarter worth $35,000. SG Americas Securities LLC purchased a new position in Information Services Group in the third quarter valued at $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Information Services Group during the third quarter worth $60,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Company Profile

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.