ACCESS Newswire (NYSEAMERICAN:ACCS) Shares Down 1.7% – Here’s What Happened

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS)’s stock price was down 1.7% on Wednesday. The company traded as low as $4.72 and last traded at $4.72. 8,633 shares were traded during mid-day trading, a decline of 64% from the average session volume of 23,762 shares. The stock had previously closed at $4.80.

ACCESS Newswire Stock Performance

The business’s fifty day moving average price is $5.47 and its 200-day moving average price is $6.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $18.36 million, a PE ratio of -10.90 and a beta of 0.42.

ACCESS Newswire (NYSEAMERICAN:ACCS) last announced its quarterly earnings results 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, equities research analysts forecast that ACCESS Newswire Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brian R. Balbirnie purchased 10,000 shares of the stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of $4.95 per share, with a total value of $49,500.00. Following the acquisition, the chief executive officer directly owned 644,667 shares of the company’s stock, valued at $3,191,101.65. This represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 25.03% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ACCESS Newswire stock. Punch & Associates Investment Management Inc. boosted its position in ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,410 shares of the company’s stock after purchasing an additional 10,000 shares during the period. 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 institutional investors and hedge funds.

ACCESS Newswire Company Profile

ACCESS Newswire is a communications and news distribution company that helps organizations share corporate announcements, press releases and other news with journalists, investors, consumers and broader audiences. Its services are designed to support public relations, investor relations, corporate communications and marketing programs.

The company provides press release distribution, multimedia content delivery, media targeting, monitoring and reporting tools. Its platform also supports communications workflows such as online newsrooms, investor relations content and virtual or digital events, helping clients publish information across news media, financial and online channels.

ACCESS Newswire previously operated as Issuer Direct Corporation before adopting the ACCESS Newswire name.