Information Services Group (NASDAQ:III) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Information Services Group, Inc. (NASDAQ:III)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.41 and traded as high as $3.57. Information Services Group shares last traded at $3.52, with a volume of 101,142 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on III. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 10th. Barrington Research reissued an “outperform” rating and set a $3.75 price objective on shares of Information Services Group in a research note on Monday, March 10th.

Information Services Group Price Performance

The stock has a market cap of $169.86 million, a PE ratio of -50.28, a PEG ratio of 1.34 and a beta of 0.94. The business’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $3.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Friday, March 21st. Information Services Group’s payout ratio is 360.00%.

Institutional Investors Weigh In On Information Services Group

A number of large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock worth $26,000 after acquiring an additional 5,104 shares during the period. Picton Mahoney Asset Management lifted its position in shares of Information Services Group by 47.2% in the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,110 shares during the period. Intech Investment Management LLC bought a new stake in shares of Information Services Group during the 4th quarter valued at about $34,000. ProShare Advisors LLC bought a new stake in shares of Information Services Group during the 4th quarter valued at about $34,000. Finally, Access Investment Management LLC increased its position in shares of Information Services Group by 183.8% during the fourth quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after buying an additional 6,810 shares during the period. 73.10% of the stock is currently owned by institutional investors.

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.