B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Pass Above 200 Day Moving Average – Here’s Why

B.O.S. Better Online Solutions (NASDAQ:BOSC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.84 and traded as high as $5.10. B.O.S. Better Online Solutions shares last traded at $5.06, with a volume of 52,133 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of B.O.S. Better Online Solutions in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, B.O.S. Better Online Solutions presently has an average rating of “Buy”.

B.O.S. Better Online Solutions Stock Performance

The stock has a market capitalization of $30.65 million, a P/E ratio of 9.54 and a beta of 1.22. The stock has a 50 day moving average of $4.84 and a 200 day moving average of $4.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.13 and a current ratio of 2.76.

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

A number of hedge funds have recently made changes to their positions in BOSC. Militia Capital Partners LP bought a new stake in shares of B.O.S. Better Online Solutions during the second quarter valued at about $619,000. Navellier & Associates Inc. bought a new stake in shares of B.O.S. Better Online Solutions during the 3rd quarter worth about $911,000. Integrated Advisors Network LLC acquired a new stake in shares of B.O.S. Better Online Solutions in the 3rd quarter worth approximately $90,000. Bank of America Corp DE bought a new position in shares of B.O.S. Better Online Solutions in the third quarter valued at approximately $39,000. Finally, Susquehanna International Group LLP increased its stake in shares of B.O.S. Better Online Solutions by 134.7% during the third quarter. Susquehanna International Group LLP now owns 55,551 shares of the communications equipment provider’s stock valued at $263,000 after acquiring an additional 31,887 shares during the period. Institutional investors own 15.06% of the company’s stock.

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.