Insignia Systems, Inc. (NASDAQ:ISIG) shares fell 8.7% during trading on Thursday . The company traded as low as $0.83 and last traded at $0.84. 805,602 shares were traded during trading, a decline of 12% from the average session volume of 913,442 shares. The stock had previously closed at $0.92.
Separately, ValuEngine downgraded Insignia Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 28th.
The company has a current ratio of 3.04, a quick ratio of 3.01 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $0.92 and a 200 day moving average of $0.81. The firm has a market capitalization of $10.28 million, a PE ratio of -1.68 and a beta of 0.56.
Insignia Systems (NASDAQ:ISIG) last posted its earnings results on Wednesday, November 11th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter. Insignia Systems had a negative return on equity of 38.15% and a negative net margin of 31.19%. The firm had revenue of $4.49 million during the quarter.
In other Insignia Systems news, major shareholder Fund Lp Funicular sold 225,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $1.81, for a total value of $407,250.00. Following the transaction, the insider now owns 1,357,799 shares of the company’s stock, valued at $2,457,616.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Air T. Inc sold 100,000 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $1.36, for a total value of $136,000.00. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.
Insignia Systems Company Profile (NASDAQ:ISIG)
Insignia Systems, Inc provides in-store and digital advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages. The company offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions; digital solutions, such as mobile programmatic advertising services; and custom print solutions that offer small- and large-format print solutions, labels, and cardstock.
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