OSI Systems (OSIS) Raised to “Sell” at BidaskClub
BidaskClub upgraded shares of OSI Systems (NASDAQ:OSIS) from a strong sell rating to a sell rating in a report issued on Saturday.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of OSI Systems from a buy rating to a hold rating in a report on Thursday, January 4th. B. Riley reissued a buy rating and issued a $108.00 price target on shares of OSI Systems in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. OSI Systems has a consensus rating of Buy and a consensus target price of $91.40.
OSI Systems (OSIS) opened at $66.21 on Friday. OSI Systems has a fifty-two week low of $53.80 and a fifty-two week high of $96.64. The stock has a market cap of $1,264.82, a price-to-earnings ratio of 42.17, a PEG ratio of 1.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 0.93.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) 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 company had revenue of $257.13 million during the quarter, compared to analyst estimates of $248.52 million. During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. sell-side analysts expect that OSI Systems will post 3.49 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in OSIS. Schwab Charles Investment Management Inc. boosted its stake in OSI Systems by 2.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 105,129 shares of the technology company’s stock worth $7,901,000 after purchasing an additional 2,239 shares during the period. Bank of New York Mellon Corp boosted its stake in OSI Systems by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,990 shares of the technology company’s stock worth $18,035,000 after purchasing an additional 1,717 shares during the period. Legal & General Group Plc boosted its stake in OSI Systems by 11.0% in the 2nd quarter. Legal & General Group Plc now owns 35,597 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 3,524 shares during the period. Victory Capital Management Inc. boosted its stake in OSI Systems by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock worth $165,000 after purchasing an additional 331 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in OSI Systems in the 2nd quarter worth $263,000.
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OSI Systems Company Profile
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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