Zacks Research Downgrades One Stop Systems (NASDAQ:OSS) to Hold

One Stop Systems (NASDAQ:OSS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

OSS has been the subject of several other reports. Lake Street Capital upped their price objective on shares of One Stop Systems from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings raised shares of One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 23rd. Alliance Global Partners reissued a “buy” rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $18.00 target price on shares of One Stop Systems in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.00.

One Stop Systems Trading Down 3.6%

Shares of OSS stock opened at $15.41 on Monday. The firm’s 50 day moving average is $10.45 and its 200 day moving average is $8.70. The stock has a market capitalization of $381.71 million, a P/E ratio of 61.64 and a beta of 1.14. One Stop Systems has a 12 month low of $2.45 and a 12 month high of $17.33.

One Stop Systems (NASDAQ:OSS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $8.07 million for the quarter, compared to analyst estimates of $6.98 million. One Stop Systems had a net margin of 12.44% and a negative return on equity of 0.24%. On average, equities analysts predict that One Stop Systems will post -0.05 EPS for the current year.

Institutional Trading of One Stop Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OSS. Geode Capital Management LLC increased its stake in shares of One Stop Systems by 0.9% in the second quarter. Geode Capital Management LLC now owns 199,729 shares of the company’s stock worth $709,000 after purchasing an additional 1,837 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of One Stop Systems in the second quarter worth $46,000. Marshall Wace LLP boosted its position in shares of One Stop Systems by 1,130.1% during the second quarter. Marshall Wace LLP now owns 476,393 shares of the company’s stock worth $1,691,000 after acquiring an additional 437,664 shares during the last quarter. Jane Street Group LLC boosted its position in shares of One Stop Systems by 753.2% during the second quarter. Jane Street Group LLC now owns 268,182 shares of the company’s stock worth $952,000 after acquiring an additional 236,750 shares during the last quarter. Finally, Marex Group plc bought a new position in shares of One Stop Systems during the second quarter worth $36,000. 32.67% of the stock is owned by hedge funds and other institutional investors.

About One Stop Systems

One Stop Systems, Inc (NASDAQ: OSS) develops and manufactures high-performance computing and storage systems tailored for mission-critical and harsh-environment applications. The company’s solutions are designed to deliver accelerated processing, high-throughput data handling and reliability in confined or ruggedized form factors. OSS leverages advanced cooling, power management and custom enclosures to support demanding workloads in settings where off-the-shelf hardware may fall short.

The company’s product portfolio includes GPU-accelerated servers, embedded single-board computers, high-speed RAID storage arrays and integrated system solutions.