Research Solutions (RSSS) Set to Announce Earnings on Thursday

Research Solutions (NASDAQ:RSSS) is set to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Research Solutions Price Performance

Shares of NASDAQ RSSS opened at $2.86 on Wednesday. The company has a market capitalization of $93.29 million, a price-to-earnings ratio of -143.00 and a beta of 0.62. The business has a 50-day moving average of $3.08 and a two-hundred day moving average of $2.77. Research Solutions has a 1 year low of $1.80 and a 1 year high of $3.50.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital started coverage on Research Solutions in a report on Tuesday, April 23rd. They set a “buy” rating and a $5.00 price target for the company.

Insider Activity

In other news, major shareholder Peter Derycz sold 40,402 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.87, for a total value of $115,953.74. Following the completion of the sale, the insider now directly owns 2,984,680 shares of the company’s stock, valued at approximately $8,566,031.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.47% of the company’s stock.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.