Insider Buying: Image Sensing Systems, Inc. (ISNS) Director Purchases 4,000 Shares of Stock

Image Sensing Systems, Inc. (NASDAQ:ISNS) Director Joseph Patrick Daly purchased 4,000 shares of Image Sensing Systems stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $5.30 per share, with a total value of $21,200.00. Following the transaction, the director now owns 5,070 shares in the company, valued at $26,871. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ISNS stock traded down $0.09 on Friday, hitting $5.21. The company’s stock had a trading volume of 9,758 shares, compared to its average volume of 4,769. Image Sensing Systems, Inc. has a 1 year low of $3.85 and a 1 year high of $6.75. The company has a market cap of $27.66 million, a price-to-earnings ratio of 12.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.17 and a quick ratio of 3.61.

Image Sensing Systems (NASDAQ:ISNS) last released its quarterly earnings results on Thursday, March 14th. The software maker reported $0.10 EPS for the quarter. Image Sensing Systems had a net margin of 14.65% and a return on equity of 21.32%. The firm had revenue of $3.61 million during the quarter.

A hedge fund recently raised its stake in Image Sensing Systems stock. Renaissance Technologies LLC boosted its holdings in Image Sensing Systems, Inc. (NASDAQ:ISNS) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,505 shares of the software maker’s stock after purchasing an additional 9,105 shares during the quarter. Renaissance Technologies LLC owned about 4.20% of Image Sensing Systems worth $1,329,000 at the end of the most recent quarter. 14.78% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine downgraded shares of Image Sensing Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

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About Image Sensing Systems

Image Sensing Systems, Inc develops and markets video and radar processing products for the intelligent transportation systems industry worldwide. The company operates through two segments, Intersection and Highway. It offers various vehicle and traffic detection products, including Autoscope video systems and RTMS radar systems that convert sensory input collected by video cameras and radar units into vehicle detection and traffic data used to operate, monitor, and enhance the efficiency of roadway infrastructure.

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