OSI Systems (NASDAQ:OSIS) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Several other analysts have also recently weighed in on OSIS. B. Riley dropped their price target on OSI Systems from $119.00 to $97.00 and set a “buy” rating for the company in a report on Monday, April 27th. Roth Capital dropped their price objective on OSI Systems from $122.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Zacks Investment Research cut OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. OSI Systems presently has a consensus rating of “Hold” and a consensus price target of $91.33.

Shares of OSIS traded up $0.75 during mid-day trading on Friday, reaching $70.96. The company’s stock had a trading volume of 134,935 shares, compared to its average volume of 148,717. OSI Systems has a 1-year low of $49.96 and a 1-year high of $114.58. The stock has a market cap of $1.28 billion, a P/E ratio of 17.02, a PEG ratio of 0.84 and a beta of 0.84. The business has a 50-day simple moving average of $71.23 and a two-hundred day simple moving average of $77.06. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.48.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.02. The company had revenue of $292.90 million during the quarter, compared to analysts’ expectations of $303.01 million. OSI Systems had a return on equity of 15.38% and a net margin of 6.51%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. Research analysts anticipate that OSI Systems will post 4.52 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in OSI Systems by 207.4% during the 2nd quarter. SG Americas Securities LLC now owns 13,880 shares of the technology company’s stock worth $1,036,000 after purchasing an additional 9,364 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of OSI Systems by 340.6% during the first quarter. WINTON GROUP Ltd now owns 15,451 shares of the technology company’s stock worth $1,065,000 after acquiring an additional 11,944 shares in the last quarter. Citigroup Inc. lifted its position in shares of OSI Systems by 8.8% during the first quarter. Citigroup Inc. now owns 11,035 shares of the technology company’s stock worth $761,000 after acquiring an additional 897 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of OSI Systems by 78.5% during the first quarter. Nuveen Asset Management LLC now owns 262,275 shares of the technology company’s stock worth $18,076,000 after acquiring an additional 115,357 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of OSI Systems by 2.1% during the first quarter. Swiss National Bank now owns 33,800 shares of the technology company’s stock worth $2,329,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

Further Reading: Secondary Public Offerings

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