Information Services (OTCMKTS:IRMTF) Trading Up 11.8% – What’s Next?

Information Services Co. (OTCMKTS:IRMTF) shares shot up 11.8% during mid-day trading on Wednesday . The company traded as high as $36.83 and last traded at $36.83. 560 shares traded hands during trading, an increase of 18% from the average session volume of 475 shares. The stock had previously closed at $32.94.

Analysts Set New Price Targets

Separately, Raymond James Financial lowered shares of Information Services to a “market perform” rating in a research note on Tuesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Information Services Stock Up 11.8%

The firm has a fifty day moving average of $33.38 and a two-hundred day moving average of $31.81.

About Information Services

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.