Price Don’t Lie: Volt Information Sciences, Inc.’s Trend Down, Especially After Today’s Weak Session

Price Don't Lie: Volt Information Sciences, Inc.'s Trend Down, Especially After Today's Weak Session

The stock of Volt Information Sciences, Inc. (NYSEMKT:VISI) is a huge mover today! The stock decreased 4.51% or $0.3 on September 30, hitting $6.35. About 219,227 shares traded hands or 481.12% up from the average. Volt Information Sciences, Inc. (NYSEMKT:VISI) has declined 13.84% since February 29, 2016 and is downtrending. It has underperformed by 24.26% the S&P500.
The move comes after 5 months negative chart setup for the $138.95 million company. It was reported on Oct, 1 by Barchart.com. We have $5.52 PT which if reached, will make NYSEMKT:VISI worth $18.06 million less.

According to Zacks Investment Research, “Volt Information Sciences, Inc. is a leading national provider of Staffing Services and Telecommunications and Information Solutions with a Fortune hundred customer base. Operating through a network of over three hundred Volt Services Group branch offices, the Staffing Services segment fulfills IT and other technical, commercial and industrial placement requirements of its customers, on both a temporary and permanent basis. The Telecommunications and Information Solutions businesses, which include the Telecommunications Services, Computer Systems and Telephone Directory segments, provide complete telephone directory production and directory publishing; a full spectrum of telecommunications construction, installation and engineering services; and advanced information and operator services systems for telephone companies.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.93, from 1.79 in 2016Q1. The ratio dived, as 13 funds sold all Volt Information Sciences, Inc. shares owned while 15 reduced positions. 12 funds bought stakes while 12 increased positions. They now own 8.39 million shares or 3.21% less from 8.67 million shares in 2016Q1.
First Wilshire Secs Mngmt has invested 0.92% of its portfolio in Volt Information Sciences, Inc. (NYSEMKT:VISI). Susquehanna Grp Inc Llp, a Pennsylvania-based fund reported 27,794 shares. Oxford Asset Mngmt has invested 0.01% of its portfolio in Volt Information Sciences, Inc. (NYSEMKT:VISI). Blackrock accumulated 0% or 15,507 shares. Paloma Prtn Mngmt Com has 0% invested in the company for 35,915 shares. Blackrock Fund Advisors has invested 0% of its portfolio in Volt Information Sciences, Inc. (NYSEMKT:VISI). Walleye Trading Llc, a Minnesota-based fund reported 1,000 shares. Jbf accumulated 0.13% or 176,401 shares. Royal Commercial Bank Of Canada accumulated 24,200 shares or 0% of the stock. Deutsche Comml Bank Ag holds 0% or 5,131 shares in its portfolio. Moreover, Panagora Asset Mgmt has 0% invested in Volt Information Sciences, Inc. (NYSEMKT:VISI) for 20,185 shares. Moreover, California Pub Employees Retirement Systems has 0% invested in Volt Information Sciences, Inc. (NYSEMKT:VISI) for 20,700 shares. Glacier Peak Limited Liability Company owns 2.20M shares or 13.8% of their US portfolio. Blackrock Inv Limited Liability Co holds 0% or 1,691 shares in its portfolio. Credit Suisse Ag holds 0% or 17,528 shares in its portfolio.

Insider Transactions: Since June 13, 2016, the stock had 3 insider buys, and 0 sales for $61,135 net activity. Cyprus Nick had bought 1,000 shares worth $6,016. 3,300 shares with value of $19,797 were bought by Tomkins Paul on Monday, June 27. 6,000 Volt Information Sciences, Inc. (NYSEMKT:VISI) shares with value of $35,322 were bought by GOODMAN BRUCE G.

More notable recent Volt Information Sciences, Inc. (NYSEMKT:VISI) news were published by: Marketwatch.com which released: “Volt Information Sciences Inc.” on April 16, 2011, also Businesswire.com with their article: “Volt Information Sciences to Host Third Quarter 2016 Earnings Conference Call …” published on August 25, 2016, Businesswire.com published: “Volt Information Sciences Reports Fiscal 2015 Fourth Quarter and Full Year …” on January 13, 2016. More interesting news about Volt Information Sciences, Inc. (NYSEMKT:VISI) were released by: Seekingalpha.com and their article: “Volt Information Sciences (VISI) CEO Michael Dean on Q2 2016 Results …” published on June 09, 2016 as well as Businesswire.com‘s news article titled: “Volt Information Sciences Reports Fiscal 2016 Third Quarter Financial Results” with publication date: September 08, 2016.

VISI Company Profile

Volt Information Sciences, Inc. (Volt), incorporated on March 6, 1957, is a well-known provider of staffing services managed service programs, technology outsourcing services and information technology infrastructure services. The Firm operates through two divisions: Staffing Services and Other. The Company’s staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services, and managed service programs supporting primarily professional administration, technical, information technology (IT), light-industrial and engineering positions. The Company’s managed service programs consist of managing the procurement and on-boarding of contingent workers from multiple providers. The Company’s technology outsourcing services provide pre and post production development, testing, and customer support to companies in the mobile, gaming and technology devices industries. In addition, the Company provides information technology infrastructure services, which offers server, storage, network and desktop information technology hardware maintenance, data center and network monitoring and operations. Volt services serves various industries, including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation and utilities.

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