Information Services (TSE:ISV) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Information Services Co. (TSE:ISV) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$27.42 and traded as low as C$26.49. Information Services shares last traded at C$27.19, with a volume of 707 shares traded.

Analyst Upgrades and Downgrades

Separately, CIBC boosted their target price on Information Services from C$34.00 to C$35.00 in a research report on Thursday, November 7th.

Information Services Price Performance

The company has a market cap of C$492.95 million, a P/E ratio of 23.85, a P/E/G ratio of 1.19 and a beta of 0.59. 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 firm’s fifty day moving average is C$27.09 and its two-hundred day moving average is C$27.42.

Information Services (TSE:ISV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share 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 for the quarter, compared to analysts’ expectations of C$63.40 million. As a group, analysts anticipate that Information Services Co. will post 2.2194553 earnings per share for the current fiscal year.

Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.38%. The ex-dividend date was Tuesday, December 31st. Information Services’s payout ratio is 80.70%.

About Information Services

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.