ACCESS Newswire (NYSEAMERICAN:ACCS) Stock Price Up 5% – Should You Buy?

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) traded up 5% during trading on Monday . The stock traded as high as $6.15 and last traded at $6.09. Approximately 17,172 shares changed hands during trading, an increase of 3% from the average daily volume of 16,642 shares. The stock had previously closed at $5.80.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lowered their target price on ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $12.00.

ACCESS Newswire Price Performance

The business has a 50-day moving average price of $7.06 and a two-hundred day moving average price of $7.87. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $23.63 million, a price-to-earnings ratio of -13.84 and a beta of 0.42.

ACCESS Newswire (NYSEAMERICAN:ACCS) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $5.33 million during the quarter. ACCESS Newswire had a negative net margin of 7.60% and a positive return on equity of 5.57%. As a group, research analysts anticipate that ACCESS Newswire Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at ACCESS Newswire

In other ACCESS Newswire news, CEO Brian R. Balbirnie acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of $6.46 per share, with a total value of $64,600.00. Following the completion of the purchase, the chief executive officer owned 632,917 shares of the company’s stock, valued at approximately $4,088,643.82. This represents a 1.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 12,000 shares of company stock valued at $77,850 over the last 90 days. 25.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ACCESS Newswire

Several hedge funds and other institutional investors have recently made changes to their positions in ACCS. DRW Securities LLC acquired a new stake in shares of ACCESS Newswire in the 4th quarter worth about $117,000. Bridgeway Capital Management LLC acquired a new position in ACCESS Newswire during the 2nd quarter valued at about $163,000. Nano Cap New Millennium Growth Fund L P acquired a new position in ACCESS Newswire during the 4th quarter valued at about $140,000. Mink Brook Asset Management LLC bought a new stake in ACCESS Newswire during the 3rd quarter worth approximately $219,000. Finally, Geode Capital Management LLC bought a new stake in ACCESS Newswire during the 2nd quarter worth approximately $362,000. 50.02% of the stock is owned by institutional investors.

About ACCESS Newswire

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.