OSI Systems Sees Unusually-High Trading Volume After Better-Than-Expected Earnings (OSIS)
OSI Systems (NASDAQ:OSIS) shares saw unusually-strong trading volume on Monday following a stronger than expected earnings report, AnalystRatings.Net reports. Approximately 241,511 shares changed hands during trading, an increase of 45% from the previous session’s volume of 166,238 shares.The stock last traded at $68.52 and had previously closed at $67.27.
The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.02. The company had revenue of $260.00 million for the quarter, compared to the consensus estimate of $246.00 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of OSI Systems from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $65.80 price target on the stock. Analysts at Benchmark Co. reiterated a “buy” rating on shares of OSI Systems in a research note on Monday, June 23rd. They now have a $78.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $72.45.
The stock has a 50-day moving average of $66.38 and a 200-day moving average of $62.04. The company has a market cap of $1.356 billion and a P/E ratio of 36.76.
OSI Systems, Inc is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications.
Receive News & Ratings for OSI Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.