() saw a significant drop in short interest for the month of march. On March 31, there were 78,600 short shares. This is a decrease of 27,8% from March 15th's total of 108.900 shares. The days-tocover ratio, based on an average daily share volume of 24,900 shares is currently 3.2 days. At the moment, 0.5% are shorted.
One Stop Systems Trading down 1.0 %
The stock fell $0.02 at midday on Friday to $2.46. Stock of the company traded 6,066 shares compared to an average of 29,251. The company's 50-day moving median is $2.80, and its 200-day moving medium is $3.03. The market cap is $50.09m, the PE ratio is -24.60, and beta is 1.41. The company's debt-to equity ratio is 0.01, its quick ratio is 2.26, and its current ratio is 4.13. The company last released its quarterly earnings on Thursday, 23rd March. The company reported ($0.16) earnings per share for the quarter. This was $0.03 below the consensus estimate. Revenue was $18.25m during the quarter compared to the consensus of $19.20m. One Stop Systems' negative net margin was 3.08%, and its negative return on equity was 4.90%. Research analysts expect One Stop Systems to post an average of 0.09 earnings per share for the current fiscal year.
Institutional investors weigh in on One Stop Systems
Recently, several hedge funds changed their positions within the company. Lynrock Lake LP increased its holdings of shares in One Stop Systems by 15% in the fourth quarter. Lynrock Lake LP owns 1,782,528 of the company stock valued at $5,365,000. This is after purchasing an additional 238,227 share during the period. Bard Associates Inc. increased its stake in One Stop Systems shares by 3.4% during 4th quarter. Bard Associates Inc. owns now 1,045133 shares worth $3,146,000, after buying an additional 34275 shares in the last quarter. Russell Investments Group Ltd. increased its stake in One Stop Systems shares by 3.4% during 4th quarter. Russell Investments Group Ltd. owns now 285,649 of the company stock valued at $860,000, after buying an additional 9,487 during the last quarterly. Legato Capital Management LLC acquired a stake of $46,000 in One Stop Systems shares during the fourth quarter. Dimensional Fund Advisors LP increased its stake in One Stop Systems shares by 13.4% during 3rd Quarter. Dimensional Fund Advisors LP owns 55 956 shares of One Stop Systems stock, worth $179,000. This is after buying 6,629 additional shares in the last quarter. Hedge funds and institutional investors own 26.52% the company's stock.
Wall Street analysts forecast growth
Recently, several analysts have weighed in about the company. Benchmark reiterated its 'buy rating' and set a target price of $5.00 on One Stop Systems shares in a report published on February 14th. Lake Street Capital reduced their target price for One Stop Systems to $4.00 in a report published on Friday, 24th March. They also set a "buy" rating. Alliance Global Partners also reduced their price target on One Stop Systems in a report published on Friday, 24th March from $6.00 down to $5.00.
About One Stop Systems
One Stop Systems, Inc is engaged in the design, manufacturing, and marketing computing modules and systems that target edge deployments. It is a specialist in computer and storage products. The company has two main segments: design and manufacturing of high-performance, customized computer and Flash arrays, connectivity, in-flight entertainment and value-added resellers with minimal customization.
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