The stock of Information Services Corp (TSE:ISV) hit a new 52-week high and has $33.94 target or 89.00% above today’s $17.96 share price. The 8 months bullish chart indicates low risk for the $314.65 million company. The 1-year high was reported on Sep, 14 by Barchart.com. If the $33.94 price target is reached, the company will be worth $280.04 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.22% or $0.04 on September 13, hitting $17.96. About 10,053 shares traded hands. Information Services Corp (TSE:ISV) has risen 30.80% since February 5, 2016 and is uptrending. It has outperformed by 14.31% the S&P500.
Information Services Corporation is a full-service well-known provider of registry and information services and solutions to governments and private sector organizations. The company has a market cap of $314.65 million. The Company’s divisions include Registries and Services. It has a 17.59 P/E ratio. The Registries segment involves the provision of registry and information services and solutions to governments and private sector organizations.
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