StockNews.com Begins Coverage on Insignia Systems (NASDAQ:ISIG)

StockNews.com began coverage on shares of Insignia Systems (NASDAQ:ISIG – Get Rating) in a research note issued to investors on Monday. The brokerage issued a sell rating on the business services provider’s stock.

Insignia Systems Stock Down 3.0 %

Insignia Systems stock opened at $7.73 on Monday. The firm has a market cap of $13.91 million, a price-to-earnings ratio of 1.20 and a beta of 1.89. Insignia Systems has a 52 week low of $5.48 and a 52 week high of $11.82. The business’s 50-day moving average price is $7.39 and its 200 day moving average price is $8.14.

Insignia Systems (NASDAQ:ISIG – Get Rating) last issued its quarterly earnings data on Monday, March 6th. The business services provider reported ($0.41) EPS for the quarter. Insignia Systems had a net margin of 45.65% and a return on equity of 103.74%. The business had revenue of $4.53 million during the quarter.

Institutional Trading of Insignia Systems

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Insignia Systems in the first quarter worth approximately $138,000. Millennium Management LLC purchased a new position in Insignia Systems during the second quarter worth approximately $133,000. Finally, Citigroup Inc. purchased a new position in Insignia Systems during the first quarter worth approximately $33,000. 15.95% of the stock is owned by institutional investors and hedge funds.

About Insignia Systems

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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.