I.D. Systems (NASDAQ:IDSY) Stock Passes Above 200 Day Moving Average of $5.67

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I.D. Systems, Inc. (NASDAQ:IDSY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.67 and traded as high as $5.80. I.D. Systems shares last traded at $5.74, with a volume of 1,456 shares traded.

Several equities analysts have recently issued reports on IDSY shares. TheStreet cut shares of I.D. Systems from a “c-” rating to a “d” rating in a research note on Friday, August 2nd. ValuEngine cut shares of I.D. Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Barrington Research reaffirmed a “buy” rating and issued a $12.00 price objective on shares of I.D. Systems in a research note on Friday, August 2nd. Zacks Investment Research cut shares of I.D. Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, National Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of I.D. Systems in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.75.

The firm’s 50-day moving average price is $5.62 and its two-hundred day moving average price is $5.67. The firm has a market capitalization of $107.74 million, a PE ratio of -26.00 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

I.D. Systems (NASDAQ:IDSY) last released its earnings results on Thursday, August 1st. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $16.27 million during the quarter, compared to analysts’ expectations of $16.74 million. I.D. Systems had a negative return on equity of 13.05% and a negative net margin of 15.49%. Equities research analysts forecast that I.D. Systems, Inc. will post -0.02 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Balter Liquid Alternatives LLC boosted its holdings in shares of I.D. Systems by 11.9% during the second quarter. Balter Liquid Alternatives LLC now owns 52,520 shares of the communications equipment provider’s stock worth $309,000 after purchasing an additional 5,591 shares during the period. Delek Group Ltd. acquired a new stake in shares of I.D. Systems during the second quarter worth approximately $3,062,000. Ardsley Advisory Partners LP boosted its holdings in shares of I.D. Systems by 2.5% during the second quarter. Ardsley Advisory Partners LP now owns 511,523 shares of the communications equipment provider’s stock worth $3,008,000 after purchasing an additional 12,435 shares during the period. Cutler Group LP acquired a new stake in shares of I.D. Systems during the first quarter worth approximately $103,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of I.D. Systems by 1.1% during the first quarter. Victory Capital Management Inc. now owns 348,683 shares of the communications equipment provider’s stock worth $2,068,000 after purchasing an additional 3,625 shares during the period. Institutional investors and hedge funds own 60.20% of the company’s stock.

I.D. Systems Company Profile (NASDAQ:IDSY)

I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.

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