- Insignia Systems, Inc. (NASDAQ: ISIG) stock was up by 65.95% on Tuesday.
- The ad company offers in-store and digital advertising solutions to customers.
- The Insignia stock gained around 32% YTD and 116.92% MTD.
Shares of Insignia Systems, Inc. (NASDAQ: ISIG) jumped 65.95% to US$19.15 at 10:23 am ET.
The trading volume rose to 13,229,273, higher than its 90-day average of 2,647,565. The stock hit the highest price of US$35.50 on Dec 9, 2021, and the lowest of US$4.76 on Jan 4, 2021.
The Minneapolis, Minnesota-based ad company offers in-store and digital advertising solutions to retailers, packaged goods manufacturers, marketing agencies, and brokerages. Its products are Insignia Point-of-Purchase Services or POPS, label supplies, and laser printable cardstock.
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For the quarter and nine months ended Sept 30, 2021, the company reported net sales of US$3.49 million and US$14.98 million, respectively.
The net sales in the Sept quarter of 2020 were US$4.43 million and for the first nine months of 2020 were US$12.42 million.
In addition, it booked a net loss of US$0.921 million in the Sept quarter of 2021, while the net loss was US$2.55 million for the first nine months of 2021
The stock closed at US$11.54 on Dec 27, 2021. It gained around 32% YTD and 116.92% MTD. The stock’s 90-day beta is 4.55.
Insignia went public in June 1991. Currently, its market capitalization is US$35.36 million.
Its peers Quotient Technology Inc. (QUOT) grew 4.71% month-to-date, and AirNet Technology Inc. (ANTE) stock fell 8.88% in the same period.
Tuesday’s stock rally is not based on any updates from the company. The stock grew 32% YTD compared with the S&P 500 Advertising Sub-Industry Index’s gain of 35.14% YTD.