Shares of Industrial Services of America, Inc. (NASDAQ:IDSA) Vault Following Release of Third Quarter 2016 Operating Results

Buyer, processer and marketer of ferrous and non-ferrous metals and other recyclable commodities, Industrial Services of America, Inc. (NASDAQ:IDSA), releases a positive Q3, 2016 operating report.

Industrial Services of America, Inc. (NASDAQ: IDSA), (the “Company” or “ISA”), a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities, and buys, dismantles and sells used auto parts, today announced the filing of its Form 10-Q for the Quarter Ended September 30, 2016.

Despite continued challenges in the metal recycling industry, ISA reduced its Net loss from continuing operations by 41.2% and 54.3% for the third quarter of 2016 and the year-to-date period ended September 30, 2016, respectively, when compared to the same periods of 2015.

This improvement in operating performance was largely due to incremental improvements in the metal commodity markets in which the Company operates. However, volume and margin pressures continue to provide challenges for the Company’s financial performance.

Commenting on the Company’s results of operations, Todd Phillips, President and CFO of ISA stated, “The ISA team was able to improve financial performance in the third quarter. The entire team is highly motivated and excited about the future for ISA.”

The Company intends to continue to focus on efficiencies and productivity in its core business while a special committee of the Board of Directors assists the Board of Directors in evaluating strategic alternatives.

ISA’s SEC filings are available for review at the Securities and Exchange Commission web site at http://www.sec.gov/edgar/searchedgar/companysearch.html.

About ISA

Headquartered in Louisville, Kentucky, Industrial Services of America, Inc., is a publicly traded company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities, and buys, dismantles and sells used auto parts. More information about ISA is available at www.isa-inc.com.

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. Specific risks include fluctuations in commodity prices, varying demand for metal recycling, competitive pressures in metal recycling markets, competitive pressures in the used auto parts market, availability of liquidity and loss of customers. Further information on factors that could affect ISA’s results is detailed in ISA’s filings with the Securities and Exchange Commission. ISA undertakes no obligation to publicly release the results of any revisions to the forward-looking statements.

Original Source

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Shares of Industrial Services of America, Inc. (NASDAQ:IDSA) are actively moving +25.5171% thus far today on the news and have traded in the range of $1.3200 – 1.6900 during the session.  A number of research firms have recently weighed in on the stock, providing future price targets. The covering firms currently have a consensus one-year price target of $13.0000 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.  This is the average number from the individual targets provided by the firms.  Analysts are projecting earnings per share of $0.0000 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.1500 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading +21.5319% away from its 50-day moving average of $1.3531.  Based on the most recent available data, the equity is -46.0852% off of its 52-week high of $3.0500 and +89.0115% away from its 52-week low which is $0.8700.

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In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 31.0264.  Today, the stock opened at $1.4070 and the last bid at the time of writing stood at $1.6444.  During the session thus far, the equity dipped down to $1.3200 and touched $1.6900 as the high point.  Industrial Services of America, Inc. (NASDAQ:IDSA) has a market cap of $13.27M and has seen an average daily volume of 13,872 over the past three months.

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