Ossen Innovation (NASDAQ:OSN) Downgraded by ValuEngine

ValuEngine lowered shares of Ossen Innovation (NASDAQ:OSN) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Shares of Ossen Innovation stock opened at $2.88 on Thursday. Ossen Innovation has a one year low of $1.50 and a one year high of $7.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.81 and a current ratio of 4.18. The stock’s 50-day moving average is $2.41 and its 200 day moving average is $2.51.

An institutional investor recently raised its position in Ossen Innovation stock. Renaissance Technologies LLC increased its position in shares of Ossen Innovation Co Ltd (NASDAQ:OSN) by 142.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,207 shares of the construction company’s stock after buying an additional 59,401 shares during the quarter. Renaissance Technologies LLC owned about 1.53% of Ossen Innovation worth $312,000 at the end of the most recent quarter. 1.62% of the stock is owned by hedge funds and other institutional investors.

Ossen Innovation Company Profile

Ossen Innovation Co, Ltd. engages in the design, manufacture, and sale of pre-stressed steel materials. Its products include plain surface steel wires and strands, and earth coated and zinc-coated pre-stressed steel materials. The company was founded in 2004 and is headquartered in Shanghai, China.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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