One Stop Systems (NASDAQ:OSS) Trading Up 6.9% – Here’s What Happened

One Stop Systems, Inc. (NASDAQ:OSS)’s stock price shot up 6.9% during trading on Friday . The company traded as high as $3.10 and last traded at $3.10. 234,136 shares traded hands during trading, an increase of 152% from the average session volume of 92,921 shares. The stock had previously closed at $2.90.

Wall Street Analysts Forecast Growth

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

One Stop Systems Stock Performance

The business has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $2.35. The firm has a market cap of $65.46 million, a P/E ratio of -6.20 and a beta of 1.30.

Hedge Funds Weigh In On One Stop Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC purchased a new position in One Stop Systems during the 2nd quarter valued at $35,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of One Stop Systems during the 2nd quarter valued at about $61,000. Vontobel Holding Ltd. increased 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 valued at $79,000 after buying an additional 18,000 shares during the period. Renaissance Technologies LLC raised its stake in One Stop Systems by 15.7% in the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock worth $147,000 after buying an additional 8,300 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings 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 worth $197,000 after buying an additional 16,093 shares during the period. Institutional investors 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.