One Stop Systems (NASDAQ:OSS) Sees Large Volume Increase Following Better-Than-Expected Earnings

One Stop Systems Inc (NASDAQ:OSS) saw unusually-strong trading volume on Thursday after the company announced better than expected quarterly earnings. Approximately 2,828,401 shares traded hands during mid-day trading, an increase of 1,910% from the previous session’s volume of 140,743 shares.The stock last traded at $1.92 and had previously closed at $1.70.

The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $14.89 million during the quarter, compared to analysts’ expectations of $14.30 million. One Stop Systems had a positive return on equity of 1.62% and a negative net margin of 3.22%.

Several equities analysts have commented on OSS shares. Benchmark started coverage on One Stop Systems in a report on Tuesday. They issued a “buy” rating and a $3.50 price target for the company. Noble Financial reaffirmed a “buy” rating and issued a $4.00 price target on shares of One Stop Systems in a report on Wednesday, July 10th. ValuEngine raised One Stop Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised One Stop Systems from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $4.00.

In related news, CEO Steve D. Cooper bought 15,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $1.74 per share, with a total value of $26,100.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 38.00% of the company’s stock.

An institutional investor recently raised its position in One Stop Systems stock. Pacific Ridge Capital Partners LLC lifted its stake in One Stop Systems Inc (NASDAQ:OSS) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 608,614 shares of the company’s stock after buying an additional 12,023 shares during the period. Pacific Ridge Capital Partners LLC owned about 4.20% of One Stop Systems worth $1,041,000 at the end of the most recent reporting period. Institutional investors own 17.99% of the company’s stock.

The firm has a market cap of $24.65 million, a price-to-earnings ratio of 31.50 and a beta of 2.59. The stock has a 50-day moving average of $1.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 0.94.

About One Stop Systems (NASDAQ:OSS)

One Stop Systems, Inc designs, manufactures, and markets industrial grade computer systems and components that are based on industry standard computer architectures worldwide. The company offers custom built servers; graphical processing unit compute accelerators; flash arrays; peripheral component interconnect expansion products and adaptors; storage management software; and infrastructure as a service solutions.

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