OSI Systems (OSIS) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of OSI Systems (NASDAQ:OSIS) from a strong sell rating to a sell rating in a report published on Thursday.

Several other brokerages have also recently issued reports on OSIS. B. Riley reissued a buy rating and issued a $108.00 price objective on shares of OSI Systems in a research note on Thursday, January 25th. Zacks Investment Research cut shares of OSI Systems from a buy rating to a hold rating in a research note on Wednesday, November 1st. Jefferies Group cut shares of OSI Systems from a buy rating to a hold rating and dropped their price objective for the company from $79.00 to $70.00 in a research note on Friday, February 2nd. They noted that the move was a valuation call. TheStreet cut shares of OSI Systems from a b- rating to a c+ rating in a research note on Monday, January 22nd. Finally, Roth Capital dropped their price objective on shares of OSI Systems from $106.00 to $78.00 and set a buy rating on the stock in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $85.80.

Shares of OSI Systems (NASDAQ OSIS) opened at $58.91 on Thursday. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64. The company has a market cap of $1,120.41, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.96.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $277.53 million for the quarter, compared to analysts’ expectations of $263.77 million. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. OSI Systems’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. equities analysts forecast that OSI Systems will post 3.5 earnings per share for the current year.

In other news, Director Meyer/ Luskin acquired 20,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $56.79 per share, with a total value of $1,135,800.00. Following the purchase, the director now owns 10,376 shares of the company’s stock, valued at approximately $589,253.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.60% of the company’s stock.

Several large investors have recently bought and sold shares of OSIS. Advisor Group Inc. grew its stake 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 worth $121,000 after purchasing an additional 104 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth $165,000. Nine Chapters Capital Management LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth $201,000. Magnetar Financial LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth $204,000. Finally, Icon Advisers Inc. Co. acquired a new position in shares of OSI Systems during the 3rd quarter worth $210,000.

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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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