Insignia Systems Inc. (ISIG) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of ISIG have tacked on 3.34% to $2.4 after closing the day prior at $2.32. In the first two and a half hours of trading, the stock has gone as high as $2.49 and as low as $2.22. Today’s rise has come with about 5,191 shares changing hands, compared to an average 30-day volume of 12,578 for Insignia Systems Inc.. The price is currently below the 30-day volume weighted average price of $2.35 for ISIG.
The share appreciation gives the company a market capitalization of $27.02 million based upon 11.65 million shares outstanding. It also means that ISIG has a price-to-book ratio of 1.11:1.
In the past 52 weeks, shares of ISIG have traded as low as $2.0201 and as high as $3.03. Technical traders will take note that at $2.4, shares of ISIG are trading below their 200-day MA at $2.53 and above their 50-day MA at $2.27. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is ISIG?
Insignia Systems Inc markets in-store advertising products, programs and services to retailers and consumer packaged goods manufacturers. The company’s 63 employees are led by CEO Kristine Glancy from the corporate headquarters at 8799 Brooklyn Boulevard in Minneapolis, MN.
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