One Stop Systems (NASDAQ:OSS) Stock Price Down 2.8% – Here’s What Happened

One Stop Systems, Inc. (NASDAQ:OSS)’s share price traded down 2.8% during trading on Friday . The stock traded as low as $3.10 and last traded at $3.16. 103,411 shares were traded during mid-day trading, a decline of 45% from the average session volume of 188,451 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

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

One Stop Systems Stock Performance

The stock’s 50 day moving average price is $2.73 and its 200 day moving average price is $2.44. The company has a market capitalization of $66.72 million, a P/E ratio of -6.32 and a beta of 1.20.

Hedge Funds Weigh In On One Stop Systems

A number of institutional investors and hedge funds have recently modified their holdings of OSS. Geode Capital Management LLC increased its position in One Stop Systems by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 181,954 shares of the company’s stock valued at $435,000 after buying an additional 11,262 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in One Stop Systems by 24.3% in the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after acquiring an additional 16,093 shares during the period. Renaissance Technologies LLC increased 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 acquiring an additional 8,300 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of One Stop Systems by 120.0% during the third quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock worth $79,000 after purchasing an additional 18,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of One Stop Systems during the second quarter worth approximately $61,000. 32.67% of the stock is currently owned by institutional investors.

About One Stop Systems

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.