ACCESS Newswire Inc. (NYSEAMERICAN:ACCS - Get Free Report) CEO Brian Balbirnie purchased 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $4.95 per share, with a total value of $49,500.00. Following the completion of the acquisition, the chief executive officer directly owned 644,667 shares of the company's stock, valued at approximately $3,191,101.65. This represents a 1.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
ACCESS Newswire Trading Up 2.6%
NYSEAMERICAN ACCS opened at $5.10 on Tuesday. ACCESS Newswire Inc. has a one year low of $4.74 and a one year high of $11.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $19.53 million, a P/E ratio of -11.59 and a beta of 0.40. The stock's 50-day moving average is $6.48 and its 200-day moving average is $7.14.
ACCESS Newswire (NYSEAMERICAN:ACCS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter. ACCESS Newswire had a positive return on equity of 4.88% and a negative net margin of 7.63%.The business had revenue of $5.62 million during the quarter. Sell-side analysts anticipate that ACCESS Newswire Inc. will post 0.32 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Lake Street Capital reduced their price target on shares of ACCESS Newswire from $14.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $12.00.
Read Our Latest Research Report on ACCS
Institutional Trading of ACCESS Newswire
Several hedge funds and other institutional investors have recently modified their holdings of the company. DRW Securities LLC bought a new stake in shares of ACCESS Newswire in the fourth quarter valued at about $117,000. Bridgeway Capital Management LLC bought a new position in shares of ACCESS Newswire during the second quarter worth about $163,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of ACCESS Newswire during the fourth quarter worth about $140,000. Geode Capital Management LLC acquired a new stake in ACCESS Newswire in the 2nd quarter valued at approximately $362,000. Finally, Punch & Associates Investment Management Inc. raised its position in ACCESS Newswire by 7.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company's stock valued at $1,484,000 after buying an additional 9,960 shares during the last quarter. Institutional investors and hedge funds own 50.02% of the company's stock.
ACCESS Newswire Company Profile
(
Get Free Report)
Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.
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