RadiSys Co. (NASDAQ:RSYS)’s share price rose 5.6% during mid-day trading on Thursday . The stock traded as high as $1.14 and last traded at $1.13. Approximately 1,392,700 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 2,187,714 shares. The stock had previously closed at $1.07.

RSYS has been the subject of several research analyst reports. Zacks Investment Research lowered RadiSys from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th. Roth Capital reiterated a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. RadiSys presently has a consensus rating of “Hold” and an average price target of $3.60.

The stock has a market capitalization of $44.24, a PE ratio of -1.16 and a beta of 1.20.

RadiSys (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The firm had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. During the same period last year, the company earned $0.07 EPS. The company’s revenue was down 48.0% compared to the same quarter last year. equities research analysts forecast that RadiSys Co. will post -0.59 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in RSYS. Rhumbline Advisers boosted its position in RadiSys by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares during the last quarter. Bank of New York Mellon Corp boosted its position in RadiSys by 19.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after acquiring an additional 25,495 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in RadiSys by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after acquiring an additional 49,835 shares during the last quarter. State Street Corp boosted its position in RadiSys by 10.1% during the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after acquiring an additional 47,538 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in RadiSys by 0.4% during the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after acquiring an additional 200 shares during the last quarter. 57.18% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “RadiSys (RSYS) Stock Price Up 5.6%” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://theolympiareport.com/2018/01/13/radisys-rsys-stock-price-up-5-6.html.

About RadiSys

Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.

Receive News & Ratings for RadiSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadiSys and related companies with MarketBeat.com's FREE daily email newsletter.