Information Services (TSE:ISV) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Information Services Co. (TSE:ISV) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$27.42 and traded as low as C$26.49. Information Services shares last traded at C$27.19, with a volume of 707 shares changing hands.

Wall Street Analyst Weigh In

Separately, CIBC raised their price target on shares of Information Services from C$34.00 to C$35.00 in a report on Thursday, November 7th.

Information Services Price Performance

The firm has a fifty day moving average price of C$27.08 and a two-hundred day moving average price of C$27.43. The company has a quick ratio of 1.69, a current ratio of 0.74 and a debt-to-equity ratio of 99.98. The stock has a market capitalization of C$486.25 million, a P/E ratio of 23.53, a P/E/G ratio of 1.19 and a beta of 0.59.

Information Services (TSE:ISV) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter. The business had revenue of C$60.93 million during the quarter, compared to analyst estimates of C$63.40 million. Information Services had a net margin of 8.75% and a return on equity of 12.37%. On average, analysts expect that Information Services Co. will post 2.2194553 EPS for the current year.

Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Tuesday, December 31st. Information Services’s dividend payout ratio is currently 80.70%.

Information Services Company Profile

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.