ACCESS Newswire (NYSEAMERICAN:ACCS) Trading Down 1.1% – Should You Sell?

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

Wall Street Analyst Weigh In

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

ACCESS Newswire Trading Up 2.6%

The company has a 50 day simple moving average of $9.57. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $32.24 million, a price-to-earnings ratio of -5.55 and a beta of 0.75.

ACCESS Newswire (NYSEAMERICAN:ACCS) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 EPS for the quarter. ACCESS Newswire had a negative net margin of 24.08% and a positive return on equity of 4.77%. The firm had revenue of $5.72 million for the quarter. On average, sell-side 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. Bard Associates Inc. boosted its position in ACCESS Newswire by 1.9% during the third quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock worth $1,443,000 after purchasing an additional 2,511 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of ACCESS Newswire by 7.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company’s stock worth $1,484,000 after buying an additional 9,960 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of ACCESS Newswire in the 2nd quarter worth about $163,000. Mink Brook Asset Management LLC purchased a new stake in shares of ACCESS Newswire in the 3rd quarter worth about $219,000. Finally, Geode Capital Management LLC acquired a new stake in ACCESS Newswire in the 2nd quarter valued at about $362,000. 50.02% of the stock is owned by hedge funds and other institutional investors.

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.