B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Pass Above 200 Day Moving Average – Here’s Why

B.O.S. Better Online Solutions (NASDAQ:BOSC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.56 and traded as high as $4.72. B.O.S. Better Online Solutions shares last traded at $4.64, with a volume of 13,717 shares traded.

Analyst Upgrades and Downgrades

BOSC has been the subject of a number of recent analyst reports. Wall Street Zen cut B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings lowered shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

B.O.S. Better Online Solutions Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.73 and a quick ratio of 2.18. The stock’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $4.56. The company has a market capitalization of $32.71 million, a P/E ratio of 8.92 and a beta of 1.08.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Friday, August 14th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $14.85 million for the quarter, compared to the consensus estimate of $12.97 million. B.O.S. Better Online Solutions had a return on equity of 12.69% and a net margin of 7.22%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in B.O.S. Better Online Solutions in the 3rd quarter worth approximately $39,000. Royal Bank of Canada bought a new stake in shares of B.O.S. Better Online Solutions in the fourth quarter valued at approximately $49,000. HRT Financial LP acquired a new stake in shares of B.O.S. Better Online Solutions in the fourth quarter worth $51,000. XTX Topco Ltd grew its stake in shares of B.O.S. Better Online Solutions by 42.0% in the fourth quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 6,334 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in B.O.S. Better Online Solutions during the fourth quarter worth $125,000. Institutional investors and hedge funds own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Company Profile

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. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.