OSI Systems (OSIS) Stock Price Down 29.2%

OSI Systems, Inc. (NASDAQ:OSIS) shares fell 29.2% on Thursday . The stock traded as low as $53.80 and last traded at $59.52. 10,596,800 shares changed hands during trading, an increase of 4,877% from the average session volume of 212,901 shares. The stock had previously closed at $84.07.

Several brokerages have recently weighed in on OSIS. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. B. Riley reiterated a “buy” rating and set a $108.00 price target on shares of OSI Systems in a research note on Tuesday, October 24th. Finally, Roth Capital reiterated a “buy” rating and set a $97.00 price target on shares of OSI Systems in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $99.80.

The firm has a market cap of $1,594.68, a PE ratio of 25.17, a P/E/G ratio of 1.79 and a beta of 0.71. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The firm had revenue of $257.13 million for the quarter, compared to the consensus estimate of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. sell-side analysts forecast that OSI Systems, Inc. will post 3.47 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of OSI Systems by 0.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after purchasing an additional 74 shares during the period. Advisor Group Inc. raised its position in shares of OSI Systems by 6.9% during the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after purchasing an additional 104 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of OSI Systems by 0.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,351 shares of the technology company’s stock valued at $1,379,000 after purchasing an additional 112 shares during the period. Stifel Financial Corp raised its position in shares of OSI Systems by 3.7% during the 2nd quarter. Stifel Financial Corp now owns 3,767 shares of the technology company’s stock valued at $283,000 after purchasing an additional 136 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of OSI Systems by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,290 shares of the technology company’s stock valued at $322,000 after purchasing an additional 150 shares during the period.

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About OSI Systems

OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.

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