B.O.S. Better Online Solutions (NASDAQ:BOSC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

B.O.S. Better Online Solutions (NASDAQ:BOSC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.68 and traded as low as $4.22. B.O.S. Better Online Solutions shares last traded at $4.23, with a volume of 74,404 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BOSC. Alliance Global Partners began coverage on shares of B.O.S. Better Online Solutions in a report on Thursday, April 23rd. They set a “buy” rating and a $8.00 price objective for the company. Wall Street Zen downgraded shares of B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings upgraded shares of B.O.S. Better Online Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, B.O.S. Better Online Solutions presently has a consensus rating of “Buy” and a consensus target price of $8.00.

B.O.S. Better Online Solutions Price Performance

The stock has a market cap of $29.82 million, a PE ratio of 9.40 and a beta of 1.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.84 and a quick ratio of 2.29. The firm’s 50 day moving average price is $4.57 and its two-hundred day moving average price is $4.68.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last posted its earnings results on Friday, May 15th. The communications equipment provider reported $0.11 earnings per share for the quarter. The firm had revenue of $11.39 million during the quarter. B.O.S. Better Online Solutions had a net margin of 6.45% and a return on equity of 13.85%.

Hedge Funds Weigh In On B.O.S. Better Online Solutions

Large investors have recently modified their holdings of the business. Navellier & Associates Inc. bought a new position in shares of B.O.S. Better Online Solutions in the third quarter valued at approximately $911,000. Royal Bank of Canada bought a new position in shares of B.O.S. Better Online Solutions in the fourth quarter valued at approximately $49,000. Jane Street Group LLC bought a new position in shares of B.O.S. Better Online Solutions in the fourth quarter valued at approximately $125,000. HRT Financial LP bought a new position in shares of B.O.S. Better Online Solutions in the fourth quarter valued at approximately $51,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of B.O.S. Better Online Solutions by 65.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock valued at $294,000 after acquiring an additional 25,589 shares during the period. Hedge funds and other institutional investors own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Company Profile

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.