Research Solutions (NASDAQ:RSSS) Trading Up 6% - Time to Buy?

Key Points

• Research Solutions Inc. shares surged 6% during mid-day trading, reaching prices as high as $3.09 after closing at $2.84.
• The company's stock has a market capitalization of $97.70 million and a price-to-earnings ratio of -21.50, indicating negative earnings.
• Institutional investors hold 33.60% of the company's stock, with several firms acquiring new stakes in the company recently.

Research Solutions Inc. (NASDAQ:RSSS - Get Free Report)'s share price traded up 6% on Wednesday . The stock traded as high as $3.09 and last traded at $3.01. 158,175 shares traded hands during trading, an increase of 98% from the average session volume of 80,036 shares. The stock had previously closed at $2.84.

Research Solutions Stock Up 1.5%

The stock's 50 day moving average is $2.80 and its 200 day moving average is $2.85. The firm has a market cap of $97.22 million, a price-to-earnings ratio of -21.32, a price-to-earnings-growth ratio of 3.27 and a beta of 0.67.

Institutional Investors Weigh In On Research Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Research Solutions by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 263,600 shares of the company's stock valued at $1,094,000 after buying an additional 25,141 shares during the period. Renaissance Technologies LLC lifted its stake in Research Solutions by 78.5% in the fourth quarter. Renaissance Technologies LLC now owns 220,900 shares of the company's stock valued at $917,000 after buying an additional 97,154 shares during the period. Marshall Wace LLP acquired a new position in Research Solutions in the fourth quarter valued at about $112,000. Northern Trust Corp lifted its stake in Research Solutions by 13.2% in the fourth quarter. Northern Trust Corp now owns 42,706 shares of the company's stock valued at $177,000 after buying an additional 4,989 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Research Solutions in the fourth quarter valued at about $62,000. Institutional investors own 33.60% of the company's stock.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer's internal datasets.