One Stop Systems (NASDAQ:OSS) Shares Down 2.8% – Here’s Why

One Stop Systems, Inc. (NASDAQ:OSS)’s share price traded down 2.8% during trading on Friday . The company traded as low as $3.10 and last traded at $3.16. 103,411 shares changed hands 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 Ratings Changes

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

One Stop Systems Stock Down 2.8 %

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

Institutional Trading of One Stop Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in shares of One Stop Systems in the second quarter worth about $61,000. Vontobel Holding Ltd. lifted its stake in One Stop Systems by 120.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock valued at $79,000 after purchasing an additional 18,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in One Stop Systems by 15.7% in the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock valued at $147,000 after buying an additional 8,300 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of One Stop Systems by 24.3% during the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock worth $197,000 after buying an additional 16,093 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of One Stop Systems by 6.6% during the third quarter. Geode Capital Management LLC now owns 181,954 shares of the company’s stock worth $435,000 after buying an additional 11,262 shares during the last quarter. Institutional investors own 32.67% of the company’s stock.

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.