Price Action Alert: Industrial Services of America, Inc. on Focus After Trading At 52-Week Highs

Price Action Alert: Industrial Services of America, Inc. on Focus After Trading At 52 Week Highs

The stock of Industrial Services of America, Inc. (NASDAQ:IDSA) hit a new 52-week high and has $2.85 target or 7.00% above today’s $2.66 share price. The 8 months bullish chart indicates low risk for the $33.66M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $2.85 price target is reached, the company will be worth $2.36M 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. About 1.06 million shares traded hands or 1034.87% up from the average. Industrial Services of America, Inc. (NASDAQ:IDSA) has declined 4.92% since April 25, 2016 and is downtrending. It has underperformed by 10.94% the S&P500.

Analysts await Industrial Services of America, Inc. (NASDAQ:IDSA) to report earnings on March, 24.

According to Zacks Investment Research, “INDUSTRIAL SVCS is a management services company specializing in solid waste management, as well as ferrous, non-ferrous and fiber recycling. The management division is engaged in the business of commercial, retail and industrial waste management and waste handling. They also have an operating division engaged inequipment sales and leasing activities. The ferrous division’s products include recycling of steel and iron products, whereas the non-ferrous division recycles copper, aluminum and brass.”

Insitutional Activity: The institutional sentiment increased to 4 in 2016 Q2. Its up 3.33, from 0.67 in 2016Q1. The ratio increased, as 1 funds sold all Industrial Services of America, Inc. shares owned while 2 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 161,698 shares or 1.40% more from 159,458 shares in 2016Q1.
Cap Advisory Services has 0.01% invested in the company for 27,800 shares. Geode Mgmt Ltd Liability reported 15,157 shares or 0% of all its holdings. Vanguard Inc has invested 0% of its portfolio in Industrial Services of America, Inc. (NASDAQ:IDSA). Citadel Ltd, a Illinois-based fund reported 10,432 shares. Blackrock Fund Advsrs accumulated 1,806 shares or 0% of the stock. California Public Employees Retirement System accumulated 0% or 33,827 shares. The New York-based Tower Capital Limited Liability Com (Trc) has invested 0% in Industrial Services of America, Inc. (NASDAQ:IDSA).

More recent Industrial Services of America, Inc. (NASDAQ:IDSA) news were published by: Forbes.com which released: “Best Small Companies: The Dropout Class” on October 09, 2013. Also Businesswire.com published the news titled: “Industrial Services of America, Inc. Announces Third Quarter 2016 Operating …” on November 10, 2016. Businesswire.com‘s news article titled: “Industrial Services of America, Inc. Announces Sale of Company’s Waste …” with publication date: December 14, 2015 was also an interesting one.

IDSA Company Profile

Industrial Services of America, Inc. (ISA), incorporated on October 2, 1953, buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Firm operates through Recycling Segment. The Company’s Recycling Segment collects, purchases, processes and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. The Firm buys, dismantles and sells used auto parts. The Firm purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, as well as from scrap dealers and retail clients who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. The Company’s non-ferrous scrap recycling activities consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. The Company’s used automobile yard purchases automobiles so that retail clients can locate and remove used parts for purchase.

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