B.O.S. Better Online Solutions (NASDAQ:BOSC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

B.O.S. Better Online Solutions (NASDAQ:BOSC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.83 and traded as high as $5.12. B.O.S. Better Online Solutions shares last traded at $5.08, with a volume of 81,208 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of B.O.S. Better Online Solutions in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

B.O.S. Better Online Solutions Stock Up 5.8%

The firm’s 50 day simple moving average is $4.82 and its 200-day simple moving average is $4.83. The company has a current ratio of 2.76, a quick ratio of 2.13 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $31.39 million, a price-to-earnings ratio of 9.77 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd boosted its holdings in shares of B.O.S. Better Online Solutions by 42.0% in the 4th quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock valued at $98,000 after buying an additional 6,334 shares during the last quarter. Bank of America Corp DE bought a new stake in B.O.S. Better Online Solutions during the third quarter worth $39,000. Royal Bank of Canada acquired a new stake in B.O.S. Better Online Solutions in the fourth quarter valued at $49,000. HRT Financial LP acquired a new stake in B.O.S. Better Online Solutions in the fourth quarter valued at $51,000. Finally, Integrated Advisors Network LLC bought a new position in shares of B.O.S. Better Online Solutions in the 3rd quarter valued at about $90,000. 15.06% of the stock is currently owned by institutional investors.

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.