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Insignia Systems (NASDAQ:ISIG) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $3.00 price objective on the stock. Sidoti’s target price would suggest a potential downside of 1.96% from the stock’s previous close.

Shares of Insignia Systems (NASDAQ:ISIG) traded down 0.33% during mid-day trading on Thursday, hitting $3.06. 14,224 shares of the company’s stock traded hands. Insignia Systems has a one year low of $2.25 and a one year high of $3.48. The stock’s 50-day moving average is $3.14 and its 200-day moving average is $3.05. The company has a market cap of $39.3 million and a price-to-earnings ratio of 43.24.

Insignia Systems, Inc is engaged in marketing in-store advertising products, programs and services to consumer packaged goods manufacturers (NASDAQ:ISIG) and retailers.

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