OSI Systems (OSIS) Downgraded to “Strong Sell” at BidaskClub
OSI Systems (NASDAQ:OSIS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.
A number of other equities research analysts also recently commented on OSIS. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday. B. Riley restated a “buy” rating and issued a $108.00 target price on shares of OSI Systems in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $94.20.
Shares of OSI Systems (OSIS) opened at $63.92 on Friday. OSI Systems has a 52-week low of $53.80 and a 52-week high of $96.64. The company has a market capitalization of $1,217.58, a price-to-earnings ratio of 40.71, a PEG ratio of 1.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.52.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. Riverhead Capital Management LLC lifted its holdings in shares of OSI Systems by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after purchasing an additional 766 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after purchasing an additional 104 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of OSI Systems by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock valued at $165,000 after purchasing an additional 331 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of OSI Systems in the third quarter valued at $165,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of OSI Systems in the third quarter valued at $201,000.
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About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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