ACCESS Newswire (NYSEAMERICAN:ACCS) Issues Quarterly Earnings Results

ACCESS Newswire (NYSEAMERICAN:ACCS) issued its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, FiscalAI reports. The business had revenue of $5.72 million during the quarter. ACCESS Newswire had a negative net margin of 24.08% and a positive return on equity of 4.77%.

ACCESS Newswire Stock Down 3.5%

ACCESS Newswire stock traded down $0.33 during midday trading on Wednesday, hitting $9.05. 10,738 shares of the stock were exchanged, compared to its average volume of 8,744. ACCESS Newswire has a 52 week low of $7.79 and a 52 week high of $13.35. The firm has a fifty day moving average price of $10.16. The stock has a market capitalization of $35.00 million, a PE ratio of -6.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.80.

Hedge Funds Weigh In On ACCESS Newswire

A number of large investors have recently added to or reduced their stakes in ACCS. Bridgeway Capital Management LLC bought a new position in shares of ACCESS Newswire during the second quarter worth about $163,000. Geode Capital Management LLC bought a new position in shares of ACCESS Newswire during the 2nd quarter worth approximately $362,000. Herald Investment Management Ltd bought a new position in shares of ACCESS Newswire during the 3rd quarter worth approximately $956,000. Finally, Topline Capital Management LLC acquired a new stake in shares of ACCESS Newswire in the second quarter valued at approximately $8,724,000. Institutional investors own 50.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital cut their price target on ACCESS Newswire from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $14.00.

ACCESS Newswire Company Profile

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.