I.D. Systems Inc. (IDSY) Shares Down 4.4%
I.D. Systems Inc. (NASDAQ:IDSY) shares were down 4.4% on Tuesday . The company traded as low as $4.77 and last traded at $4.79, with a volume of 51,995 shares changing hands. The stock had previously closed at $5.01.
A number of research analysts have weighed in on IDSY shares. Roth Capital started coverage on shares of I.D. Systems in a research note on Tuesday, April 19th. They issued a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research lowered shares of I.D. Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $8.00 price objective on shares of I.D. Systems in a research note on Thursday, August 11th.
The stock’s market cap is $63.28 million. The firm’s 50-day moving average price is $4.99 and its 200-day moving average price is $4.78.
I.D. Systems (NASDAQ:IDSY) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.05. On average, equities research analysts predict that I.D. Systems Inc. will post ($0.08) EPS for the current fiscal 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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