Research Solutions Inc. (NASDAQ:RSSS - Get Free Report) shares traded up 6% during trading 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 Performance
The stock has a market capitalization of $98.35 million, a price-to-earnings ratio of -21.64, a P/E/G ratio of 3.28 and a beta of 0.67. The company has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $2.84.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Topline Capital Management LLC acquired a new position in Research Solutions during the 2nd quarter worth about $125,000. Evernest Financial Advisors LLC bought a new position in shares of Research Solutions in the 2nd quarter worth about $35,000. Acadian Asset Management LLC raised its position in shares of Research Solutions by 83.7% in the 1st quarter. Acadian Asset Management LLC now owns 87,327 shares of the company's stock worth $225,000 after acquiring an additional 39,789 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of Research Solutions by 1.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,367,771 shares of the company's stock worth $6,156,000 after acquiring an additional 37,651 shares in the last quarter. Finally, Needham Investment Management LLC raised its position in shares of Research Solutions by 1.7% in the 1st quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company's stock worth $7,618,000 after acquiring an additional 50,000 shares in the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.
About Research Solutions
(
Get Free Report)
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.
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