Research Solutions (RSSS) Set to Announce Earnings on Thursday

Research Solutions (NASDAQ:RSSS) will post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Research Solutions to post earnings of $0.02 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Research Solutions Price Performance

Shares of NASDAQ RSSS opened at $2.86 on Wednesday. The business’s 50 day moving average is $3.08 and its two-hundred day moving average is $2.77. Research Solutions has a 1-year low of $1.80 and a 1-year high of $3.50. The stock has a market capitalization of $93.29 million, a P/E ratio of -143.00 and a beta of 0.62.

Analyst Ratings Changes

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

Insider Buying and Selling at Research Solutions

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

About Research Solutions

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.