Research Solutions (NASDAQ:RSSS) Announces Earnings Results

Research Solutions (NASDAQ:RSSS) Announces Earnings Results

Research Solutions (NASDAQ:RSSS) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01), MarketWatch Earnings reports. Research Solutions had a negative net margin of 2.12% and a negative return on equity of 12.83%. During the same period last year, the firm posted ($0.01) earnings per share.

NASDAQ RSSS traded up $0.06 during trading hours on Friday, hitting $2.17. 23,699 shares of the company’s stock were exchanged, compared to its average volume of 23,821. The stock has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $2.47. Research Solutions has a 1-year low of $1.87 and a 1-year high of $3.26. The firm has a market cap of $57.61 million, a price-to-earnings ratio of -108.50 and a beta of 0.41.

An institutional investor recently raised its position in Research Solutions stock. Renaissance Technologies LLC increased its holdings in shares of Research Solutions, Inc. (NASDAQ:RSSS) by 107.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,000 shares of the company’s stock after purchasing an additional 45,114 shares during the period. Renaissance Technologies LLC owned approximately 0.33% of Research Solutions worth $228,000 at the end of the most recent quarter. 42.00% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on RSSS shares. Zacks Investment Research raised Research Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, January 13th. Maxim Group reissued a “buy” rating and issued a $6.00 price target on shares of Research Solutions in a research note on Friday, November 12th.

About Research Solutions

Research Solutions, Inc is a holding company, which engages in the provision of information technology. Its services include Platforms and Transactions. The Platform service offers annual licenses that allow customers to access and utilize certain premium features of cloud based software-as-a-service research intelligence platform.

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