One Stop Systems (NASDAQ:OSS) Shares Down 2.8% – Time to Sell?

Shares of One Stop Systems, Inc. (NASDAQ:OSS) dropped 2.8% during mid-day trading on Friday . The stock traded as low as $3.10 and last traded at $3.16. Approximately 103,411 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 188,451 shares. The stock had previously closed at $3.25.

Wall Street Analyst Weigh In

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

One Stop Systems Trading Down 2.8 %

The business has a 50-day moving average price of $2.71 and a 200 day moving average price of $2.43. The stock has a market cap of $66.72 million, a PE ratio of -6.32 and a beta of 1.20.

Institutional Trading of One Stop Systems

Institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new stake in One Stop Systems during the second quarter valued at $61,000. Vontobel Holding Ltd. lifted its holdings in shares of One Stop Systems by 120.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock worth $79,000 after acquiring an additional 18,000 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of One Stop Systems by 24.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock worth $197,000 after acquiring an additional 16,093 shares during the last quarter. Geode Capital Management LLC increased its stake in One Stop Systems by 6.6% in the third quarter. Geode Capital Management LLC now owns 181,954 shares of the company’s stock valued at $435,000 after acquiring an additional 11,262 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in One Stop Systems by 15.7% during the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock valued at $147,000 after purchasing an additional 8,300 shares in the last quarter. Hedge funds and other 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.