ACCESS Newswire (NYSEAMERICAN:ACCS) Stock Jumps 0.2% – Still a Buy?

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS)’s stock price rose 0.2% on Thursday. The stock traded as high as $4.65 and last traded at $4.57. Approximately 6,480 shares were traded during trading, a decline of 4% from the average daily volume of 6,738 shares. The stock had previously closed at $4.56.

ACCESS Newswire Stock Down 4.4%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $4.92 and its 200-day simple moving average is $6.23. The stock has a market capitalization of $16.74 million, a PE ratio of -9.93 and a beta of 0.42.

ACCESS Newswire (NYSEAMERICAN:ACCS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.08 EPS for the quarter. The firm had revenue of $5.62 million during the quarter. ACCESS Newswire had a negative net margin of 7.63% and a positive return on equity of 4.88%. As a group, sell-side analysts forecast that ACCESS Newswire Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brian R. Balbirnie acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $4.95 per share, for a total transaction of $49,500.00. Following the completion of the acquisition, the chief executive officer owned 644,667 shares of the company’s stock, valued at approximately $3,191,101.65. This represents a 1.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.03% of the company’s stock.

Institutional Trading of ACCESS Newswire

An institutional investor recently raised its position in ACCESS Newswire stock. Punch & Associates Investment Management Inc. increased its position in ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) by 7.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 152,410 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Punch & Associates Investment Management Inc. owned about 3.93% of ACCESS Newswire worth $1,350,000 as of its most recent SEC filing. 50.02% of the stock is owned by hedge funds and other institutional investors.

ACCESS Newswire Company Profile

ACCESS Newswire is a communications technology company that provides press release distribution and media outreach services for businesses, public companies, investor relations professionals and public relations agencies. Its platform is designed to help organizations distribute corporate announcements, financial news, regulatory disclosures and other information to journalists, investors and the broader public.

The company’s services include multimedia news release distribution, newsroom and content management tools, media targeting, audience engagement and analytics.