One Stop Systems (NASDAQ:OSS) Shares Down 2.9% – Should You Sell?

One Stop Systems, Inc. (NASDAQ:OSS) fell 2.9% during mid-day trading on Wednesday . The company traded as low as $6.50 and last traded at $6.78. 602,073 shares were traded during trading, a decline of 16% from the average session volume of 712,861 shares. The stock had previously closed at $6.98.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Roth Capital boosted their price objective on shares of One Stop Systems from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Industrial Alliance Securities set a $8.50 target price on One Stop Systems in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of One Stop Systems in a research note on Wednesday, October 8th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of One Stop Systems in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

One Stop Systems Stock Performance

The company’s 50-day moving average price is $5.71 and its 200 day moving average price is $5.29. The stock has a market cap of $166.18 million, a PE ratio of -21.19 and a beta of 1.09.

One Stop Systems (NASDAQ:OSS) last announced its earnings results on Wednesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. One Stop Systems had a negative net margin of 11.47% and a negative return on equity of 26.14%. The company had revenue of $18.76 million during the quarter, compared to analyst estimates of $16.24 million. On average, sell-side analysts anticipate that One Stop Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On One Stop Systems

A number of institutional investors have recently bought and sold shares of OSS. Arrowstreet Capital Limited Partnership bought a new stake in One Stop Systems during the third quarter valued at about $2,959,000. Marshall Wace LLP raised its holdings in One Stop Systems by 1,130.1% during the second quarter. Marshall Wace LLP now owns 476,393 shares of the company’s stock valued at $1,691,000 after acquiring an additional 437,664 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of One Stop Systems in the third quarter valued at about $1,566,000. Jane Street Group LLC lifted its position in shares of One Stop Systems by 753.2% in the second quarter. Jane Street Group LLC now owns 268,182 shares of the company’s stock valued at $952,000 after acquiring an additional 236,750 shares in the last quarter. Finally, AMH Equity Ltd bought a new position in shares of One Stop Systems in the third quarter worth about $1,072,000. 32.67% of the stock is owned by institutional investors.

One Stop Systems Company Profile

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.