B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of B.O.S. Better Online Solutions (NASDAQ:BOSC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.59 and traded as high as $4.59. B.O.S. Better Online Solutions shares last traded at $4.50, with a volume of 46,428 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on BOSC. Weiss Ratings lowered B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Alliance Global Partners started coverage on B.O.S. Better Online Solutions in a research report on Thursday, April 23rd. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Wall Street Zen downgraded B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, B.O.S. Better Online Solutions has an average rating of “Moderate Buy” and a consensus price target of $8.00.

B.O.S. Better Online Solutions Stock Performance

The company has a current ratio of 2.84, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. The company has a market cap of $31.80 million, a price-to-earnings ratio of 10.02 and a beta of 1.08. The stock has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $4.59.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its earnings results on Friday, May 15th. The communications equipment provider reported $0.11 EPS for the quarter. B.O.S. Better Online Solutions had a net margin of 6.45% and a return on equity of 13.85%. The firm had revenue of $11.39 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BOSC. Militia Capital Management LLC bought a new position in shares of B.O.S. Better Online Solutions during the 1st quarter worth approximately $524,000. Renaissance Technologies LLC increased its position in shares of B.O.S. Better Online Solutions by 2.7% in the first quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock valued at $1,092,000 after acquiring an additional 6,404 shares during the last quarter. XTX Topco Ltd increased its position 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 last quarter. Royal Bank of Canada acquired a new stake in shares of B.O.S. Better Online Solutions in the 4th quarter valued at approximately $49,000. Finally, Evernest Financial Advisors LLC increased its holdings in B.O.S. Better Online Solutions by 604.3% during the fourth quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock worth $1,591,000 after buying an additional 278,000 shares during the last quarter. 15.06% of the stock is owned by institutional investors and hedge funds.

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.