One Stop Systems (NASDAQ:OSS) Raised to Strong-Buy at Lake Street Capital

Lake Street Capital upgraded shares of One Stop Systems (NASDAQ:OSS) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

One Stop Systems Stock Up 12.4 %

OSS stock opened at $2.72 on Wednesday. The business’s fifty day moving average is $3.46 and its 200-day moving average is $2.86. The company has a market cap of $57.43 million, a P/E ratio of -5.44 and a beta of 1.18. One Stop Systems has a twelve month low of $1.82 and a twelve month high of $4.88.

One Stop Systems (NASDAQ:OSS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The company had revenue of $2.38 million during the quarter, compared to analyst estimates of $15.00 million. One Stop Systems had a negative net margin of 20.45% and a negative return on equity of 29.71%. During the same period last year, the company earned $0.01 EPS. Research analysts anticipate that One Stop Systems will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in One Stop Systems by 4.5% during the 4th quarter. Renaissance Technologies LLC now owns 69,900 shares of the company’s stock worth $234,000 after buying an additional 3,000 shares during the period. Dimensional Fund Advisors LP raised its stake in One Stop Systems by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,355 shares of the company’s stock worth $92,000 after buying an additional 5,098 shares during the period. Geode Capital Management LLC raised its stake in One Stop Systems by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 190,217 shares of the company’s stock worth $637,000 after buying an additional 8,263 shares during the period. Wolverine Trading LLC acquired a new stake in One Stop Systems during the 4th quarter worth $37,000. Finally, XTX Topco Ltd acquired a new stake in One Stop Systems during the 4th quarter worth $36,000. Institutional investors and hedge funds 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.