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

Information Services Group, Inc. (NASDAQ:III) shares passed 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.

Analyst Ratings Changes

III has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $3.75 price target on shares of Information Services Group in a research note on Monday, March 10th. StockNews.com raised shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th.

Information Services Group Price Performance

The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The company has a market cap of $169.86 million, a PE ratio of -50.28, a P/E/G ratio of 1.34 and a beta of 0.94. The firm has a 50 day moving average of $3.41 and a two-hundred day moving average of $3.34.

Information Services Group Dividend Announcement

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

Hedge Funds Weigh In On Information Services Group

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in shares of Information Services Group by 47.2% during the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,110 shares during the last quarter. Intech Investment Management LLC purchased a new position in Information Services Group in the 4th quarter worth approximately $34,000. ProShare Advisors LLC purchased a new position in Information Services Group in the 4th quarter worth approximately $34,000. Finally, Access Investment Management LLC boosted its stake in Information Services Group by 183.8% during the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 6,810 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

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.