B.O.S. Better Online Solutions (NASDAQ:BOSC) Stock Price Passes Above 200 Day Moving Average of $2.78

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.78 and traded as high as $2.98. B.O.S. Better Online Solutions shares last traded at $2.92, with a volume of 25,878 shares traded.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity started coverage on shares of B.O.S. Better Online Solutions in a research note on Monday, June 10th. They issued a “buy” rating and a $5.00 price objective for the company.

B.O.S. Better Online Solutions Stock Performance

The business has a 50 day moving average of $2.83 and a 200-day moving average of $2.79. The company has a market capitalization of $16.96 million, a P/E ratio of 8.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 2.03.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Thursday, May 30th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $11.29 million during the quarter. B.O.S. Better Online Solutions had a return on equity of 11.17% and a net margin of 4.82%.

Institutional Trading of B.O.S. Better Online Solutions

A hedge fund recently raised its stake in B.O.S. Better Online Solutions stock. Janney Montgomery Scott LLC boosted its position in B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,550 shares of the communications equipment provider’s stock after acquiring an additional 5,749 shares during the quarter. Janney Montgomery Scott LLC owned 10.64% of B.O.S. Better Online Solutions worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.06% of the company’s stock.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions.