B.O.S. Better Online Solutions (NASDAQ:BOSC – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 3,643 shares, a drop of 83.8% from the September 30th total of 22,510 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,672 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On B.O.S. Better Online Solutions
An institutional investor recently raised its stake in B.O.S. Better Online Solutions stock. Renaissance Technologies LLC increased its stake in shares of B.O.S. Better Online Solutions (NASDAQ:BOSC – Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 243,311 shares of the communications equipment provider’s stock after acquiring an additional 6,404 shares during the period. Renaissance Technologies LLC owned approximately 3.45% of B.O.S. Better Online Solutions worth $1,092,000 at the end of the most recent reporting period. 15.06% of the stock is currently owned by institutional investors.
B.O.S. Better Online Solutions Trading Down 0.6%
B.O.S. Better Online Solutions stock traded down $0.03 during trading on Tuesday, hitting $4.37. The company’s stock had a trading volume of 14,022 shares, compared to its average volume of 45,584. B.O.S. Better Online Solutions has a 1-year low of $3.80 and a 1-year high of $6.72. The stock’s fifty day moving average is $4.59 and its 200 day moving average is $4.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 2.73. The stock has a market capitalization of $31.00 million, a price-to-earnings ratio of 8.39 and a beta of 1.04.
B.O.S. Better Online Solutions (NASDAQ:BOSC – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $14.85 million for the quarter, compared to analyst estimates of $12.97 million. B.O.S. Better Online Solutions had a net margin of 7.22% and a return on equity of 12.69%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of B.O.S. Better Online Solutions in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, B.O.S. Better Online Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.
Check Out Our Latest Stock Report on B.O.S. Better Online Solutions
About B.O.S. Better Online Solutions
B.O.S. Better Online Solutions Ltd. is an Israel-based technology company that provides supply chain and radio-frequency identification (RFID) solutions. The company helps organizations improve the visibility, tracking and management of inventory, assets and business processes through a combination of software, hardware and systems integration services.
Its RFID activities include the supply of RFID tags, readers, printers and related equipment, as well as software and implementation services.
Recommended Stories
- Five stocks we like better than B.O.S. Better Online Solutions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
- Off-Price, High-Yield: Why Ross Stores Is Defying the Retail Slump
- Whirlpool’s Stock Collapse Raises a Bigger Question About Its Recovery Potential
Receive News & Ratings for B.O.S. Better Online Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B.O.S. Better Online Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
