One Stop Systems (NASDAQ:OSS) Stock Price Down 4% – Here’s What Happened

Shares of One Stop Systems, Inc. (NASDAQ:OSS) traded down 4% during mid-day trading on Thursday . The stock traded as low as $4.02 and last traded at $4.13. 148,831 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 236,572 shares. The stock had previously closed at $4.30.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners upgraded 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 report on Wednesday, November 6th.

One Stop Systems Trading Down 1.7 %

The stock has a market cap of $85.71 million, a price-to-earnings ratio of -8.12 and a beta of 1.23. The stock’s 50 day moving average is $3.26 and its two-hundred day moving average is $2.63.

Hedge Funds Weigh In On One Stop Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. grew its stake in shares of One Stop Systems by 2.5% during the 4th quarter. Bard Associates Inc. now owns 1,044,697 shares of the company’s stock worth $3,500,000 after purchasing an additional 25,186 shares during the period. Sovereign Financial Group Inc. acquired a new position in One Stop Systems during the fourth quarter worth about $59,000. Geode Capital Management LLC increased its holdings 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 buying an additional 11,262 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in One Stop Systems by 120.0% in 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 in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position 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 valued at $197,000 after acquiring an additional 16,093 shares during the period. Institutional investors and hedge funds 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.