Insignia Systems (NASDAQ:ISIG) Now Covered by StockNews.com

Posted by on Mar 19th, 2023

Stock analysts at StockNews.com started coverage on shares of Insignia Systems (NASDAQ:ISIG – Get Rating) in a report released on Sunday. The brokerage set a “sell” rating on the business services provider’s stock.

Separately, TheStreet upgraded Insignia Systems from a “d” rating to a “c” rating in a research note on Wednesday, November 23rd.

Insignia Systems Stock Performance

NASDAQ:ISIG opened at $8.63 on Friday. The stock has a fifty day moving average price of $8.92 and a 200-day moving average price of $7.79. Insignia Systems has a fifty-two week low of $5.48 and a fifty-two week high of $14.47. The company has a market cap of $15.53 million, a price-to-earnings ratio of 1.55 and a beta of 1.87.

Institutional Trading of Insignia Systems

A number of hedge funds have recently made changes to their positions in the stock. Citigroup Inc. purchased a new position in Insignia Systems in the 1st quarter worth about $33,000. Millennium Management LLC purchased a new position in shares of Insignia Systems in the second quarter valued at about $133,000. Finally, Dimensional Fund Advisors LP bought a new stake in Insignia Systems during the 1st quarter valued at approximately $138,000. 15.95% of the stock is owned by institutional investors.

Insignia Systems Company Profile

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Insignia Systems, Inc engages in the provision of in-store and digital advertising solutions. It serves the consumer-packaged goods (CPG) manufacturers, retailers, shopper marketing agencies, and brokerages markets. The company was founded in 1990 and is headquartered in Minneapolis, MN.

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