Information Services Group (NASDAQ:III) was given a “strong-buy” rating in a research note published by analysts at StockNews.com on Thursday. Previously, they had recommended buying the stock and giving it a “buy” rating.
In recent years, significant shareholders in the company have been active in taking action to bring about change. BNP Paribas Arbitrage SA grew its holdings in shares of Information Services Group by 108,571.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,607 shares of the company’s stock after acquiring an additional 7,600 shares in the business services provider during the previous quarter. These shares are currently worth $51,000, which is their market value. The Information Services Group received additional investment from Mirae Asset Global Investments Co. Ltd. for $69,000 during the second quarter. Royal Bank of Canada increased the percentage of Information Services Group shares it owned by 74.6% during the first three months of the year. Royal Bank of Canada now owns 10,697 shares of the business services provider’s stock after purchasing an additional 4,570 shares during the most recent quarter. Each share of this stock is worth $73,000, and the bank’s latest purchase brought its total number of shares to 10,697. Ergoteles LLC spent the $73,000 during the first three months of 2018 to get an investment in the Information Services Group. Additionally, Quantbot Technologies LP invested about $72,000 during the second quarter to buy a new position in Information Services Group. This is the last item, but not the least, on the agenda. The majority of the company’s stock is owned by institutional investors, accounting for 62.83% of the total.
NASDAQ:III traded down $0.35 during trading on Thursday, hitting a new low of $4.63. This was because the company dealt with 145,232 shares in today’s transaction compared to the normal daily volume of 293,560 shares traded. This is a significant reduction. Additionally, the stock price is trading at $5.18 on a moving average basis over the past 50 trading days, while the price is trading at $5.81 on a moving average basis over the past 200 trading days. Information Services Group hit a record low of $4.50 over the past year, while the company reached a record high of $8.42 during the same period. The company has a beta coefficient of 0.82, a current market capitalization of $222.24 million, a PE ratio of 12.18, and a PEG ratio of 0.70. The debt to equity ratio was calculated and found to be 0.71; the quick ratio was calculated and found to be 2.25, and the current ratio was also calculated and found to be 2.25.
Information Services Group, Inc. operates and its subsidiaries as a technical research and consulting firm. They do business in parts of the world, including the Americas, Europe, and Asia Pacific. The company offers a diverse range of services, including advisory sourcing, risk management and governance, network carrier, technology strategy, operations design, change management, market intelligence, and technology research and analysis. In addition to these services, we also offer automation, cloud computing and data analytics.