I.D. Systems Inc. (IDSY) Hits New 1-Year High at $5.40
Shares of I.D. Systems Inc. (NASDAQ:IDSY) hit a new 52-week high during trading on Monday . The company traded as high as $5.40 and last traded at $5.28, with a volume of 17,960 shares changing hands. The stock had previously closed at $5.21.
IDSY has been the subject of a number of research reports. B. Riley reaffirmed a “buy” rating and set a $8.00 target price on shares of I.D. Systems in a report on Monday, May 2nd. Zacks Investment Research raised shares of I.D. Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Roth Capital initiated coverage on shares of I.D. Systems in a report on Tuesday, April 19th. They set a “buy” rating and a $7.00 target price for the company.
The firm’s market capitalization is $69.49 million. The company’s 50 day moving average price is $4.93 and its 200 day moving average price is $4.73.
I.D. Systems (NASDAQ:IDSY) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.05. Equities analysts predict that I.D. Systems Inc. will post $0.12 EPS for the current year.
I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine (M2M) solutions for managing and securing enterprise assets, which include industrial vehicles and transportation assets. The Company’s systems utilize radio frequency identification (RFID), Wi-Fi, satellite or cellular communications, and sensor technology and software to address the needs of organizations to control, track, monitor and analyze their assets.
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