B.O.S. Better Online Solutions (NASDAQ:BOSC) Issues Earnings Results

B.O.S. Better Online Solutions (NASDAQ:BOSC) issued its quarterly earnings data on Thursday. The communications equipment provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06, Zacks reports. B.O.S. Better Online Solutions had a return on equity of 13.85% and a net margin of 6.45%.

B.O.S. Better Online Solutions Trading Down 1.7%

Shares of BOSC stock opened at $4.53 on Thursday. The company has a market capitalization of $31.94 million, a P/E ratio of 10.07 and a beta of 1.08. The company has a current ratio of 2.84, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $4.40 and its two-hundred day moving average is $4.58. B.O.S. Better Online Solutions has a twelve month low of $3.80 and a twelve month high of $6.72.

Analysts Set New Price Targets

A number of brokerages have recently commented on BOSC. Wall Street Zen cut shares of B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Alliance Global Partners started coverage on shares of B.O.S. Better Online Solutions in a research note on Thursday, April 23rd. They set a “buy” rating and a $8.00 price target for the company. Finally, Weiss Ratings downgraded shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Institutional Investors Weigh In On B.O.S. Better Online Solutions

Several hedge funds have recently modified their holdings of BOSC. Militia Capital Partners LP purchased a new position in B.O.S. Better Online Solutions in the 2nd quarter valued at $619,000. Bank of America Corp DE acquired a new position in B.O.S. Better Online Solutions in the 3rd quarter valued at $39,000. Susquehanna International Group LLP raised its position in B.O.S. Better Online Solutions by 134.7% during the 3rd quarter. Susquehanna International Group LLP now owns 55,551 shares of the communications equipment provider’s stock worth $263,000 after buying an additional 31,887 shares during the last quarter. Goldman Sachs Group Inc. raised its position in B.O.S. Better Online Solutions by 65.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock worth $294,000 after buying an additional 25,589 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of B.O.S. Better Online Solutions by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 236,907 shares of the communications equipment provider’s stock worth $1,080,000 after acquiring an additional 28,540 shares during the period. 15.06% of the stock is owned by institutional investors and hedge funds.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.