B.O.S. Better Online Solutions (NASDAQ:BOSC) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

B.O.S. Better Online Solutions (NASDAQ:BOSC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.66 and traded as low as $4.28. B.O.S. Better Online Solutions shares last traded at $4.33, with a volume of 18,069 shares trading hands.

Analyst Upgrades and Downgrades

BOSC has been the subject of a number of recent research reports. Wall Street Zen lowered shares of B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings raised shares of B.O.S. Better Online Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Alliance Global Partners started coverage on shares of B.O.S. Better Online Solutions in a research note on Thursday, April 23rd. They set a “buy” rating and a $8.00 price target on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, B.O.S. Better Online Solutions currently has a consensus rating of “Buy” and a consensus target price of $8.00.

B.O.S. Better Online Solutions Trading Down 0.7%

The company’s 50 day moving average price is $4.48 and its two-hundred day moving average price is $4.66. The firm has a market cap of $30.53 million, a PE ratio of 9.62 and a beta of 1.11. The company has a quick ratio of 2.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.03.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Friday, May 15th. The communications equipment provider reported $0.11 earnings per share for the quarter. B.O.S. Better Online Solutions had a return on equity of 13.85% and a net margin of 6.45%.The firm had revenue of $11.39 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Evernest Financial Advisors LLC increased its holdings in B.O.S. Better Online Solutions by 604.3% during the 4th quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock worth $1,591,000 after purchasing an additional 278,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of B.O.S. Better Online Solutions by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after buying an additional 6,404 shares during the period. Militia Capital Partners LP grew its position in shares of B.O.S. Better Online Solutions by 39.4% during the 3rd quarter. Militia Capital Partners LP now owns 177,955 shares of the communications equipment provider’s stock worth $847,000 after buying an additional 50,311 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of B.O.S. Better Online Solutions during the 1st quarter worth $524,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of B.O.S. Better Online Solutions by 65.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock valued at $294,000 after buying an additional 25,589 shares during the period. Institutional investors 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.