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.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.08. OSI Systems had a return on equity of 11.68% and a net margin of 3.06%. The company had revenue of $257.13 million during the quarter, compared to the consensus estimate of $248.52 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. sell-side analysts forecast that OSI Systems will post 3.49 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: “OSI Systems (OSIS) Downgraded to “Strong Sell” at BidaskClub” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/29/osi-systems-osis-downgraded-to-strong-sell-at-bidaskclub.html.

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.

Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.