Research Solutions (RSSS) Releases Quarterly Earnings Results
Research Solutions (OTCMKTS:RSSS) released its quarterly earnings data on Wednesday. The industrial products company reported ($0.03) earnings per share for the quarter, Bloomberg Earnings reports. Research Solutions had a negative net margin of 8.63% and a negative return on equity of 68.88%.
Research Solutions (OTCMKTS RSSS) opened at $1.10 on Thursday. Research Solutions has a 1-year low of $0.66 and a 1-year high of $1.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.58 and a current ratio of 1.58.
In other news, major shareholder 12 West Capital Management Lp sold 730,000 shares of Research Solutions stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1.19, for a total transaction of $868,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 27.90% of the company’s stock.
Research Solutions, Inc is a holding company. The Company provides a cloud based software-as-a-service (SaaS) research platform, which allows on-demand access to scientific, technical, and medical (STM) information for life science companies, academic institutions, and other research-intensive organizations.
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