One Stop Systems, Inc. (NASDAQ:OSS - Get Free Report)'s share price was down 4% during mid-day trading on Thursday . The stock traded as low as $4.02 and last traded at $4.13. Approximately 148,831 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 236,572 shares. The stock had previously closed at $4.30.
Analysts Set New Price Targets
Separately, Alliance Global Partners raised shares of One Stop Systems from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $3.25 to $4.50 in a research note on Wednesday, November 6th.
Read Our Latest Stock Report on OSS
One Stop Systems Price Performance
The firm has a 50-day moving average of $3.29 and a 200-day moving average of $2.65. The stock has a market cap of $92.69 million, a PE ratio of -8.78 and a beta of 1.23.
Hedge Funds Weigh In On One Stop Systems
Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in One Stop Systems by 15.7% during the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company's stock valued at $147,000 after acquiring an additional 8,300 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of One Stop Systems by 6.6% in the third quarter. Geode Capital Management LLC now owns 181,954 shares of the company's stock worth $435,000 after purchasing an additional 11,262 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in shares of One Stop Systems by 24.3% in the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company's stock worth $197,000 after buying an additional 16,093 shares in the last quarter. Sovereign Financial Group Inc. purchased a new position in One Stop Systems during the 4th quarter valued at approximately $59,000. Finally, Vontobel Holding Ltd. increased its stake in One Stop Systems by 120.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company's stock worth $79,000 after acquiring an additional 18,000 shares during the last quarter. Hedge funds and other institutional investors own 32.67% of the company's stock.
About One Stop Systems
(
Get Free Report)
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.
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