OSI Systems (OSIS) Lowered to Strong Sell at BidaskClub

OSI Systems (NASDAQ:OSIS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

OSIS has been the subject of several other reports. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. B. Riley reissued a “buy” rating and issued a $108.00 target price on shares of OSI Systems in a research note on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating and issued a $79.00 target price on shares of OSI Systems in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. OSI Systems has an average rating of “Hold” and an average price target of $91.40.

OSI Systems (NASDAQ:OSIS) opened at $68.53 on Friday. The firm has a market cap of $1,292.89, a P/E ratio of 43.65, a PEG ratio of 1.46 and a beta of 0.73. OSI Systems has a 52 week low of $53.80 and a 52 week high of $96.64. 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 released its earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.08. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The business had revenue of $257.13 million during the quarter, compared to analysts’ expectations of $248.52 million. During the same period last year, the business earned $0.44 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. equities research analysts predict that OSI Systems will post 3.47 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in OSI Systems by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 117,078 shares of the technology company’s stock worth $7,538,000 after purchasing an additional 4,781 shares during the period. Nisa Investment Advisors LLC boosted its position in OSI Systems by 249.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,110 shares of the technology company’s stock worth $587,000 after purchasing an additional 6,500 shares during the period. Neuberger Berman Group LLC boosted its position in OSI Systems by 5.1% during the third quarter. Neuberger Berman Group LLC now owns 364,781 shares of the technology company’s stock worth $33,330,000 after purchasing an additional 17,715 shares during the period. California Public Employees Retirement System boosted its position in OSI Systems by 7.5% during the third quarter. California Public Employees Retirement System now owns 39,332 shares of the technology company’s stock worth $3,594,000 after purchasing an additional 2,732 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in OSI Systems during the third quarter worth $165,000.

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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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