Information Services (TSE:ISV) Stock Price Passes Below 200-Day Moving Average of $22.08

Posted by MarketBeat News on Aug 5th, 2022

Information Services Co. (TSE:ISV – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.08 and traded as low as C$22.07. Information Services shares last traded at C$22.75, with a volume of 61,731 shares traded.

Analyst Ratings Changes

Several research analysts have commented on ISV shares. Raymond James dropped their price objective on shares of Information Services from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Friday, May 6th. Royal Bank of Canada dropped their price objective on shares of Information Services from C$27.00 to C$25.00 and set a “sector perform” rating for the company in a research note on Friday, May 6th.

Information Services Price Performance

The stock has a market capitalization of C$398.13 million and a PE ratio of 12.10. The company has a quick ratio of 1.36, a current ratio of 1.47 and a debt-to-equity ratio of 35.49. The stock’s 50 day moving average price is C$20.57 and its 200-day moving average price is C$22.08.

Information Services (TSE:ISV – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. The company had revenue of C$44.15 million for the quarter, compared to analysts’ expectations of C$40.30 million. As a group, equities analysts forecast that Information Services Co. will post 1.6 EPS for the current year.

Insider Buying and Selling

In other Information Services news, Director Doug Emsley acquired 4,760 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of C$21.00 per share, with a total value of C$99,960.00. Following the completion of the purchase, the director now directly owns 7,710 shares in the company, valued at C$161,910.

About Information Services

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Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land surveys services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.