OSI Systems (NASDAQ:OSIS) Stock Crosses Above 50 Day Moving Average – What’s Next?

OSI Systems, Inc. (NASDAQ:OSIS) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $199.91 and traded as high as $204.49. OSI Systems shares last traded at $200.95, with a volume of 207,981 shares traded.

Analysts Set New Price Targets

OSIS has been the subject of a number of recent analyst reports. B. Riley Financial restated a “buy” rating and issued a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of OSI Systems in a report on Wednesday, October 28th. Oppenheimer dropped their price target on OSI Systems from $300.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Roth Capital reiterated a “buy” rating and issued a $274.00 price objective on shares of OSI Systems in a research report on Friday, August 21st. Finally, Bank of America dropped their price objective on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.71.

OSI Systems Stock Performance

The stock has a fifty day moving average of $199.91 and a 200-day moving average of $236.93. The firm has a market capitalization of $3.16 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 1.28.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 29th. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.65 by $0.01. OSI Systems had a return on equity of 21.57% and a net margin of 8.79%. The firm had revenue of $403.47 million for the quarter, compared to analysts’ expectations of $396.11 million. During the same quarter in the previous year, the business posted $1.42 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that OSI Systems, Inc. will post 11.42 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Abel Hall LLC boosted its stake in shares of OSI Systems by 3.6% during the 1st quarter. Abel Hall LLC now owns 1,113 shares of the technology company’s stock worth $296,000 after acquiring an additional 39 shares during the period. HB Wealth Management LLC lifted its holdings in OSI Systems by 7.0% during the 1st quarter. HB Wealth Management LLC now owns 1,045 shares of the technology company’s stock valued at $277,000 after purchasing an additional 68 shares during the last quarter. Cim Investment Management Inc. boosted its position in OSI Systems by 7.3% during the second quarter. Cim Investment Management Inc. now owns 1,002 shares of the technology company’s stock worth $219,000 after purchasing an additional 68 shares during the period. Cetera Investment Advisers boosted its position in OSI Systems by 0.7% during the first quarter. Cetera Investment Advisers now owns 12,263 shares of the technology company’s stock worth $3,256,000 after purchasing an additional 90 shares during the period. Finally, Guidance Capital Inc. grew its stake in OSI Systems by 3.6% in the 3rd quarter. Guidance Capital Inc. now owns 2,596 shares of the technology company’s stock valued at $516,000 after buying an additional 91 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

About OSI Systems

OSI Systems, Inc is a vertically integrated technology company that designs and manufactures specialized electronic systems and components for security, healthcare and aerospace and defense applications. Headquartered in Hawthorne, California, the company serves government agencies, transportation authorities, hospitals and commercial customers in the United States and international markets.

Through its security division, OSI Systems provides inspection and screening systems used at airports, borders, ports and other facilities.