Information Services (TSE:ISV) Stock Price Crosses Below 50 Day Moving Average of $15.98

Shares of Information Services Corp (TSE:ISV) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.98 and traded as low as $15.60. Information Services shares last traded at $15.66, with a volume of 3,549 shares.

Separately, CIBC raised their price objective on Information Services from C$18.00 to C$18.50 in a report on Tuesday, October 29th.

The firm has a fifty day simple moving average of C$15.96 and a 200-day simple moving average of C$16.11. The company has a market cap of $273.88 million and a PE ratio of 17.99. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 26.62.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Monday, December 30th. Information Services’s payout ratio is 91.95%.

About Information Services (TSE:ISV)

Information Services Corporation, together with its subsidiaries, provides registry and information management services for public data and records in Canada and internationally. It operates through three segments: Registries, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles, including changes of ownership and the registration of interests in land; land surveys directory that plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.

Further Reading: How to calculate the intrinsic value of a stock

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