Alliance Global Partners Initiates Coverage on B.O.S. Better Online Solutions (NASDAQ:BOSC)

Alliance Global Partners assumed coverage on shares of B.O.S. Better Online Solutions (NASDAQ:BOSC) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $8.00 price target on the communications equipment provider’s stock. Alliance Global Partners’ price target would indicate a potential upside of 67.36% from the stock’s previous close.

BOSC has been the topic of a number of other research reports. Weiss Ratings lowered B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 24th. Wall Street Zen raised B.O.S. Better Online Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

B.O.S. Better Online Solutions Price Performance

BOSC stock opened at $4.78 on Thursday. B.O.S. Better Online Solutions has a 1 year low of $3.52 and a 1 year high of $6.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.70. The stock’s 50 day moving average price is $4.77 and its 200 day moving average price is $4.83. The firm has a market cap of $33.70 million, a P/E ratio of 8.54 and a beta of 1.16.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last posted its earnings results on Tuesday, March 31st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter. B.O.S. Better Online Solutions had a return on equity of 17.04% and a net margin of 7.14%.The firm had revenue of $12.62 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd lifted its stake in shares of B.O.S. Better Online Solutions by 42.0% during the 4th quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 6,334 shares during the period. Royal Bank of Canada purchased a new position in shares of B.O.S. Better Online Solutions during the 4th quarter worth $49,000. Evernest Financial Advisors LLC lifted its stake in shares of B.O.S. Better Online Solutions by 604.3% during the 4th quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock worth $1,591,000 after purchasing an additional 278,000 shares during the period. Jane Street Group LLC purchased a new position in shares of B.O.S. Better Online Solutions during the 4th quarter worth $125,000. Finally, HRT Financial LP purchased a new position in shares of B.O.S. Better Online Solutions during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 15.06% of the company’s stock.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.