One Stop Systems (NASDAQ:OSS) Stock Price Down 2.9% – Here’s Why

One Stop Systems, Inc. (NASDAQ:OSS)’s stock price traded down 2.9% during trading on Wednesday . The company traded as low as $6.50 and last traded at $6.78. 602,073 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 712,861 shares. The stock had previously closed at $6.98.

Analyst Ratings Changes

Several analysts have issued reports on OSS shares. Roth Capital upped their price target on shares of One Stop Systems from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of One Stop Systems in a report on Wednesday, October 8th. Industrial Alliance Securities set a $8.50 target price on One Stop Systems in a research note on Wednesday, November 5th. Finally, Alliance Global Partners restated a “buy” rating on shares of One Stop Systems in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.50.

One Stop Systems Price Performance

The company has a market capitalization of $166.18 million, a P/E ratio of -21.19 and a beta of 1.09. The company has a 50 day moving average of $5.71 and a 200-day moving average of $5.29.

One Stop Systems (NASDAQ:OSS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. One Stop Systems had a negative return on equity of 26.14% and a negative net margin of 11.47%.The business had revenue of $18.76 million during the quarter, compared to analyst estimates of $16.24 million. Research analysts predict that One Stop Systems, Inc. will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OSS. Marex Group plc purchased a new stake in shares of One Stop Systems in the 2nd quarter worth about $36,000. Granite Investment Partners LLC purchased a new position in shares of One Stop Systems during the second quarter valued at about $39,000. Walleye Capital LLC bought a new position in One Stop Systems in the second quarter worth about $46,000. DNB Asset Management AS bought a new position in One Stop Systems in the third quarter worth about $83,000. Finally, Quadrature Capital Ltd purchased a new stake in One Stop Systems in the second quarter worth about $57,000. 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.