Image Sensing Systems Trading Down 7.6% After Insider Selling (ISNS)
Image Sensing Systems (NASDAQ:ISNS) shares traded down 7.6% during trading on Thursday after an insider sold shares in the company, Analyst Ratings Net reports. The company traded as low as $3.62 and last traded at $3.77, with a volume of 2,640,023 shares trading hands. The stock had previously closed at $4.08.
Specifically, major shareholder Austin W. & Greenhouse Da Marxe sold 488,892 shares of Image Sensing Systems stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $3.78, for a total transaction of $1,848,011.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
The stock has a 50-day moving average of $2.75 and a 200-day moving average of $4.11. The company’s market cap is $18.8 million.
Image Sensing Systems (NASDAQ:ISNS) last released its earnings data on Wednesday, July 30th. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.17. Analysts expect that Image Sensing Systems will post $-1.12 EPS for the current fiscal year.
Image Sensing Systems, Inc develops and markets video and radar image processing products for use in traffic applications, such as intersection control, highway, bridge and tunnel traffic management and traffic data collection.
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