ACCESS Newswire Inc. (NYSEAMERICAN:ACCS – Get Free Report) CEO Brian Balbirnie purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost 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 $3,191,101.65. This represents a 1.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ACCESS Newswire Price Performance
Shares of NYSEAMERICAN:ACCS opened at $4.94 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.92 million, a P/E ratio of -11.23 and a beta of 0.40. ACCESS Newswire Inc. has a 52 week low of $4.74 and a 52 week high of $11.38. The company has a 50-day moving average price of $6.46 and a 200 day moving average price of $7.11.
ACCESS Newswire (NYSEAMERICAN:ACCS – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $5.62 million for the quarter. ACCESS Newswire had a positive return on equity of 4.88% and a negative net margin of 7.63%. Research analysts predict that ACCESS Newswire Inc. will post 0.32 earnings per share for the current year.
Institutional Investors Weigh In On ACCESS Newswire
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital cut their price objective on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $12.00.
Get Our Latest Stock Analysis on ACCESS Newswire
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.
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