Information Services (TSE:ISV) Stock Passes Below 50-Day Moving Average – Should You Sell?

Information Services Co. (TSE:ISV)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$27.75 and traded as low as C$26.20. Information Services shares last traded at C$26.53, with a volume of 5,250 shares.

Wall Street Analysts Forecast Growth

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 Stock Performance

The company has a debt-to-equity ratio of 99.98, a quick ratio of 1.69 and a current ratio of 0.74. The stock has a market cap of C$480.99 million, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The firm has a fifty day moving average price of C$27.75 and a 200 day moving average price of C$27.26.

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

Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.47%. The ex-dividend date is Tuesday, December 31st. Information Services’s dividend payout ratio is presently 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.