OSI Systems (NASDAQ:OSIS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, February 8th.
OSIS has been the topic of several other reports. B. Riley reaffirmed a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a research report on Tuesday, October 24th. Zacks Investment Research cut OSI Systems from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. TheStreet cut OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. Finally, Jefferies Group cut OSI Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $85.80.
Shares of OSI Systems (NASDAQ OSIS) traded up $1.12 during mid-day trading on Thursday, reaching $63.08. The company’s stock had a trading volume of 596,558 shares, compared to its average volume of 523,306. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64. The company has a market capitalization of $1,220.00, a P/E ratio of 34.85, a P/E/G ratio of 1.31 and a beta of 0.88.
In other news, Director Meyer/ Luskin bought 20,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the completion of the acquisition, the director now owns 10,376 shares in the company, valued at $589,253.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of OSI Systems by 8.0% in the second quarter. Northern Trust Corp now owns 251,527 shares of the technology company’s stock worth $18,902,000 after buying an additional 18,525 shares during the period. First Trust Advisors LP raised its stake in shares of OSI Systems by 126.5% in the third quarter. First Trust Advisors LP now owns 9,431 shares of the technology company’s stock worth $862,000 after buying an additional 5,268 shares during the period. Invictus RG bought a new position in shares of OSI Systems in the third quarter worth about $400,000. AHL Partners LLP raised its stake in shares of OSI Systems by 23.8% in the second quarter. AHL Partners LLP now owns 5,793 shares of the technology company’s stock worth $435,000 after buying an additional 1,112 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of OSI Systems by 8.1% in the second quarter. Teachers Advisors LLC now owns 32,162 shares of the technology company’s stock worth $2,417,000 after buying an additional 2,419 shares during the period.
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OSI Systems Company Profile
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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