One Stop Systems (NASDAQ:OSS) Shares Up 4.6% - Still a Buy?

One Stop Systems, Inc. (NASDAQ:OSS - Get Free Report) traded up 4.6% during mid-day trading on Wednesday . The stock traded as high as $5.88 and last traded at $5.86. 971,460 shares changed hands during trading, an increase of 395% from the average session volume of 196,114 shares. The stock had previously closed at $5.60.

Analysts Set New Price Targets

Separately, Lake Street Capital set a $6.00 price objective on One Stop Systems and gave the stock a "buy" rating in a research report on Friday, July 11th.

One Stop Systems Stock Performance

The company's 50 day moving average price is $3.65 and its 200 day moving average price is $3.22. The company has a market cap of $127.38 million, a price-to-earnings ratio of -8.81 and a beta of 1.24.

Institutional Investors Weigh In On One Stop Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of One Stop Systems in the 4th quarter valued at $72,000. Diametric Capital LP bought a new position in shares of One Stop Systems in the fourth quarter valued at about $63,000. Geode Capital Management LLC increased its position in One Stop Systems by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 190,217 shares of the company's stock worth $637,000 after purchasing an additional 8,263 shares during the period. Renaissance Technologies LLC increased its position in One Stop Systems by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 69,900 shares of the company's stock worth $234,000 after purchasing an additional 3,000 shares during the period. Finally, XTX Topco Ltd acquired a new stake in One Stop Systems in the fourth quarter worth about $36,000. 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.