The stock of Industrial Services of America, Inc. (NASDAQ:IDSA) is a huge mover today! The stock increased 75.00% or $1.2 during the last trading session, hitting $2.8. About 2.25M shares traded hands or 11979.89% up from the average. Industrial Services of America, Inc. (NASDAQ:IDSA) has declined 40.07% since April 22, 2016 and is downtrending. It has underperformed by 45.48% the S&P500.
The move comes after 5 months positive chart setup for the $22.87M company. It was reported on Nov, 25 by Barchart.com. We have $3.00 PT which if reached, will make NASDAQ:IDSA worth $1.60M more.
Analysts await Industrial Services of America, Inc. (NASDAQ:IDSA) to report earnings on March, 24.
According to Zacks Investment Research, “INDUSTRIAL SVCS is a management services company specializing in solid waste management, as well as ferrous, non-ferrous and fiber recycling. The management division is engaged in the business of commercial, retail and industrial waste management and waste handling. They also have an operating division engaged inequipment sales and leasing activities. The ferrous division’s products include recycling of steel and iron products, whereas the non-ferrous division recycles copper, aluminum and brass.”
Insitutional Activity: The institutional sentiment increased to 4 in 2016 Q2. Its up 3.33, from 0.67 in 2016Q1. The ratio is positive, as 1 funds sold all Industrial Services of America, Inc. shares owned while 2 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 161,698 shares or 1.40% more from 159,458 shares in 2016Q1.
Cap Advisory Services has 27,800 shares for 0.01% of their US portfolio. Tower Rech Cap Ltd Liability (Trc) has 0% invested in the company for 494 shares. Citadel Lc has invested 0% of its portfolio in Industrial Services of America, Inc. (NASDAQ:IDSA). Blackrock Fund Advsrs holds 1,806 shares or 0% of its portfolio. Vanguard owns 68,182 shares or 0% of their US portfolio. California Pub Employees Retirement System has invested 0% of its portfolio in Industrial Services of America, Inc. (NASDAQ:IDSA). Geode Management Ltd Com has 15,157 shares for 0% of their US portfolio.
More recent Industrial Services of America, Inc. (NASDAQ:IDSA) news were published by: Businesswire.com which released: “Industrial Services of America, Inc. Announces Third Quarter 2016 Operating …” on November 10, 2016. Also Businesswire.com published the news titled: “Industrial Services of America, Inc. Announces Sale of Company’s Waste …” on December 14, 2015. Bizjournals.com‘s news article titled: “Louisville company names new president, reviews strategic alternatives” with publication date: October 06, 2016 was also an interesting one.
IDSA Company Profile
Industrial Services of America, Inc. (ISA), incorporated on October 2, 1953, buys, processes and markets ferrous and non-ferrous metals, and other recyclable commodities. The Firm operates through Recycling Segment. The Company’s Recycling Segment collects, purchases, processes and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries and refineries. The Firm buys, dismantles and sells used auto parts. The Firm purchases ferrous and non-ferrous scrap metal from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel and other metals, as well as from scrap dealers and retail clients who deliver these materials to its facilities. It processes scrap metal through sorting, cutting and baling. The Company’s non-ferrous scrap recycling activities consist of collecting, sorting and processing various grades of copper, aluminum, stainless steel and brass. The Company’s used automobile yard purchases automobiles so that retail clients can locate and remove used parts for purchase.
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