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

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

Wall Street Analyst Weigh In

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

One Stop Systems Price Performance

The firm has a market cap of $65.46 million, a PE ratio of -6.20 and a beta of 1.30. The firm has a 50-day simple moving average of $2.45 and a 200 day simple moving average of $2.34.

Hedge Funds Weigh In On One Stop Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legato Capital Management LLC purchased a new stake in shares of One Stop Systems in the second quarter worth $35,000. Mercer Global Advisors Inc. ADV bought a new position in One Stop Systems in the 2nd quarter worth about $61,000. Vontobel Holding Ltd. grew its position in One Stop Systems by 120.0% during 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 increased its stake in One Stop Systems by 15.7% during the 2nd 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. Finally, Essex Investment Management Co. LLC increased its stake in 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 purchasing an additional 16,093 shares in 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.