B.O.S. Better Online Solutions (NASDAQ:BOSC) Releases Earnings Results, Beats Expectations By $0.06 EPS

B.O.S. Better Online Solutions (NASDAQ:BOSC) issued its quarterly earnings data on Thursday. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06, Zacks reports. B.O.S. Better Online Solutions had a return on equity of 13.85% and a net margin of 6.45%.

B.O.S. Better Online Solutions Stock Performance

Shares of BOSC stock opened at $4.53 on Thursday. B.O.S. Better Online Solutions has a 12 month low of $3.80 and a 12 month high of $6.72. The stock has a market cap of $31.94 million, a PE ratio of 10.07 and a beta of 1.08. The company’s fifty day moving average price is $4.40 and its 200-day moving average price is $4.58. The company has a current ratio of 2.84, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its stake in shares of B.O.S. Better Online Solutions by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 236,907 shares of the communications equipment provider’s stock worth $1,080,000 after buying an additional 28,540 shares during the last quarter. Militia Capital Partners LP purchased a new position in B.O.S. Better Online Solutions in the 2nd quarter worth about $619,000. Goldman Sachs Group Inc. lifted its stake in B.O.S. Better Online Solutions by 65.9% during the 4th 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. Susquehanna International Group LLP grew its position in B.O.S. Better Online Solutions by 134.7% in the 3rd quarter. Susquehanna International Group LLP now owns 55,551 shares of the communications equipment provider’s stock worth $263,000 after purchasing an additional 31,887 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of B.O.S. Better Online Solutions during the 4th quarter valued at $125,000. Institutional investors own 15.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BOSC. Weiss Ratings lowered shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Alliance Global Partners began coverage on shares of B.O.S. Better Online Solutions in a research note on Thursday, April 23rd. They set a “buy” rating and a $8.00 price target for the company. Finally, Wall Street Zen lowered B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

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.