Image Sensing Systems (NASDAQ:ISNS) spotted trading -14.75% off 52-week high price. On the other end, the stock has been noted 9.18% away from the low price over the last 52-weeks. The stock changed 1.07% to recent value of $4.68. The stock transacted 251 shares during last trading day however it has an average volume of 5.83K shares. The company has 5.27M of outstanding shares and 3.26M shares were floated in the market.
On Jan. 8, 2020, Image Sensing Systems (NASDAQ:ISNS) a global company dedicated to helping improve safety and efficiency for cities and highways by developing and delivering above‑ground detection technology, applications and solutions, notified that its Board of Directors has initiated a comprehensive review of strategic alternatives to maximize shareholder value. The Board of Directors has formed a Special Committee chaired by James W. Bracke, who is an independent director and chair of the Audit Committee. In addition to Mr. Bracke, the Board has appointed Paul F. Lidsky, Geoffrey C. Davis, and Joseph P. Daly, all of whom are independent directors of Image Sensing Systems, and Brian VanDerBosch, who is an independent consultant of Image Sensing Systems, to the Special Committee. The Special Committee will oversee the review.
The Company’s Board is committed to maximizing value for all shareholders and has initiated a strategic review of the Company’s business and assets, including exploring a potential sale or merger of the Company, the ongoing execution of its strategic plan, or continuing as a standalone public company, said Mr. Bracke. We expect this to be a thorough process, and we will report our findings and conclusions to the full Board when the review is complete. We will consider all reasonable options, but we cannot guarantee that any actions will be taken as a result of this review. Image Sensing System has retained Minneapolis‑based investment banking firm, Craig‑Hallum Capital Group LLC, to advise it in this process.
Image Sensing Systems continues to execute on its long‑term strategy. We believe Image Sensing Systems will continue to perform well and generate positive cash flow. Although we cannot guarantee that this process will culminate in any transaction or other action, we believe that now is the right time to review a full range of options in an effort to maximize value for all shareholders, Mr. Bracke continued.
Its earnings per share (EPS) expected to touch remained -64.90% for this year while earning per share for the next 5-years is expected to reach at 20.00%. ISNS has a gross margin of 77.30% and an operating margin of 16.10% while its profit margin remained 51.00% for the last 12 months.
According to the most recent quarter its current ratio was 6.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.57% from the mean of 20 days, 0.01% from mean of 50 days SMA and performed -4.64% from mean of 200 days price. Company’s performance for the week was 3.12%, 4.76% for month and YTD performance remained 3.12%.