Optibase (NASDAQ:OBAS) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a research note issued on Monday, TheStreetRatingsTable reports.
OBAS stock opened at $10.79 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s fifty day simple moving average is $11.62 and its two-hundred day simple moving average is $11.86. Optibase has a 1-year low of $7.95 and a 1-year high of $13.00.
An institutional investor recently raised its position in Optibase stock. Morgan Stanley increased its stake in Optibase Ltd (NASDAQ:OBAS) by 18.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,500 shares of the financial services provider’s stock after buying an additional 999 shares during the quarter. Morgan Stanley owned 0.12% of Optibase worth $69,000 at the end of the most recent quarter. Institutional investors own 0.22% of the company’s stock.
Optibase Ltd., together with its subsidiaries, operates in the fixed-income real estate sector in Switzerland, Germany, and the United States. The company purchases and operates real estate properties intended for leasing and resale primarily for the purpose of commercial, industrial, office space, parking garage, and warehouse use, as well as for residential purposes.
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