One Stop Systems (NASDAQ:OSS) Trading 6.9% Higher – Should You Buy?

Shares of One Stop Systems, Inc. (NASDAQ:OSS) rose 6.9% on Friday . The company traded as high as $3.10 and last traded at $3.10. Approximately 234,136 shares were traded during trading, an increase of 152% from the average daily volume of 92,921 shares. The stock had previously closed at $2.90.

Analysts Set New Price Targets

Separately, Alliance Global Partners raised One Stop Systems from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $3.25 to $4.50 in a report on Wednesday, November 6th.

One Stop Systems Price Performance

The firm’s 50 day moving average price is $2.47 and its 200-day moving average price is $2.35. The stock has a market cap of $65.46 million, a P/E ratio of -6.20 and a beta of 1.30.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Legato Capital Management LLC bought a new stake in One Stop Systems in the 2nd quarter worth about $35,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of One Stop Systems during the 2nd quarter valued at about $61,000. Vontobel Holding Ltd. grew its stake in shares of One Stop Systems by 120.0% in the third quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock worth $79,000 after acquiring an additional 18,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of One Stop Systems by 15.7% during the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock valued at $147,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Essex Investment Management Co. LLC raised its holdings in shares of One Stop Systems by 24.3% during the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after purchasing an additional 16,093 shares during the last quarter. Hedge funds and other institutional investors own 32.67% of the company’s stock.

One Stop Systems Company Profile

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.