One Stop Systems (NASDAQ:OSS) Rating Increased to Strong-Buy at Lake Street Capital

Lake Street Capital upgraded shares of One Stop Systems (NASDAQ:OSS - Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

One Stop Systems Stock Performance

One Stop Systems stock traded up $0.08 during midday trading on Wednesday, hitting $2.73. 50,290 shares of the company were exchanged, compared to its average volume of 127,330. The business has a fifty day simple moving average of $3.45 and a two-hundred day simple moving average of $2.87. The firm has a market capitalization of $57.64 million, a PE ratio of -5.46 and a beta of 1.18. One Stop Systems has a fifty-two week low of $1.82 and a fifty-two week high of $4.88.

One Stop Systems (NASDAQ:OSS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). One Stop Systems had a negative return on equity of 29.71% and a negative net margin of 20.45%. The firm had revenue of $2.38 million for the quarter, compared to analyst estimates of $15.00 million. During the same period in the previous year, the business earned $0.01 EPS. As a group, equities analysts expect that One Stop Systems will post -0.52 earnings per share for the current year.

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Institutional Investors Weigh In On One Stop Systems

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of One Stop Systems by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 181,954 shares of the company's stock valued at $435,000 after purchasing an additional 11,262 shares in the last quarter. Sovereign Financial Group Inc. acquired a new stake in One Stop Systems in the fourth quarter valued at approximately $59,000. Bard Associates Inc. increased its position in shares of One Stop Systems by 2.5% in the fourth quarter. Bard Associates Inc. now owns 1,044,697 shares of the company's stock valued at $3,500,000 after buying an additional 25,186 shares in the last quarter. Millennium Management LLC acquired a new position in shares of One Stop Systems during the 4th quarter worth approximately $142,000. Finally, Jane Street Group LLC purchased a new position in shares of One Stop Systems during the 4th quarter valued at approximately $43,000. 32.67% of the stock is owned by hedge funds and other institutional investors.

One Stop Systems Company Profile

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.