Information Services Group (NASDAQ:III) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Information Services Group, Inc. (NASDAQ:III) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.20 and traded as high as $3.35. Information Services Group shares last traded at $3.33, with a volume of 109,718 shares.

Wall Street Analysts Forecast Growth

III has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $3.50 price objective on shares of Information Services Group in a research report on Wednesday, October 30th. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research report on Wednesday, August 28th.

Information Services Group Stock Up 0.6 %

The firm has a market capitalization of $163.78 million, a price-to-earnings ratio of -111.63, a PEG ratio of 2.72 and a beta of 0.96. The business’s fifty day moving average price is $3.20 and its 200 day moving average price is $3.22. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.78.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.045 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 5.37%. Information Services Group’s dividend payout ratio (DPR) is -599.80%.

Institutional Investors Weigh In On Information Services Group

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Information Services Group during the third quarter worth about $60,000. GSA Capital Partners LLP raised its stake in shares of Information Services Group by 30.7% during the 3rd quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock worth $366,000 after buying an additional 26,019 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of Information Services Group by 4.5% in the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after buying an additional 7,515 shares during the period. Copeland Capital Management LLC acquired a new position in Information Services Group during the third quarter worth $32,000. Finally, SG Americas Securities LLC purchased a new position in Information Services Group in the third quarter worth $49,000. 73.10% of the stock is owned by institutional investors and hedge funds.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.