Research Solutions (NASDAQ:RSSS – Get Free Report) posted its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02, MarketWatch Earnings reports. The business had revenue of $9.96 million for the quarter, compared to analysts’ expectations of $9.70 million. Research Solutions had a negative net margin of 0.67% and a negative return on equity of 4.35%. During the same quarter in the prior year, the business earned ($0.02) EPS.
Research Solutions Stock Performance
RSSS opened at $2.32 on Thursday. The stock has a market capitalization of $68.44 million, a P/E ratio of -232.00 and a beta of 0.56. The company’s 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $2.12. Research Solutions has a 52-week low of $1.80 and a 52-week high of $2.45.
Hedge Funds Weigh In On Research Solutions
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Research Solutions by 18.0% during the 2nd quarter. BlackRock Inc. now owns 47,969 shares of the company’s stock valued at $98,000 after acquiring an additional 7,326 shares during the period. Geode Capital Management LLC lifted its stake in Research Solutions by 30.8% during the 2nd quarter. Geode Capital Management LLC now owns 89,231 shares of the company’s stock valued at $182,000 after acquiring an additional 21,034 shares during the period. Charles Schwab Investment Management Inc. bought a new position in Research Solutions during the 2nd quarter valued at about $37,000. Granahan Investment Management LLC lifted its stake in shares of Research Solutions by 26.3% in the 1st quarter. Granahan Investment Management LLC now owns 27,006 shares of the company’s stock worth $54,000 after purchasing an additional 5,617 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Research Solutions by 8.1% in the 1st quarter. Renaissance Technologies LLC now owns 79,418 shares of the company’s stock worth $160,000 after purchasing an additional 5,983 shares during the period. Institutional investors own 34.97% of the company’s stock.
Research Solutions Company Profile
Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.
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