RadiSys Corp. (RSYS) Stock Price Down 3.6%
RadiSys Corp. (NASDAQ:RSYS)’s share price fell 3.6% during mid-day trading on Monday . The stock traded as low as $5.29 and last traded at $5.35, with a volume of 133,505 shares changing hands. The stock had previously closed at $5.55.
Several brokerages recently issued reports on RSYS. Jefferies Group restated a “buy” rating and set a $7.25 price target (up from $6.00) on shares of RadiSys Corp. in a research note on Friday, June 17th. Zacks Investment Research lowered RadiSys Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $6.00 price target (up from $5.50) on shares of RadiSys Corp. in a research note on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $5.92.
The company’s market cap is $204.41 million. The firm’s 50 day moving average is $5.02 and its 200-day moving average is $4.61.
RadiSys Corp. (NASDAQ:RSYS) last issued its earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. RadiSys Corp. had a negative net margin of 3.44% and a positive return on equity of 10.60%. The business earned $61.30 million during the quarter, compared to the consensus estimate of $59.72 million. During the same period last year, the business posted $0.03 EPS. RadiSys Corp.’s revenue was up 30.3% on a year-over-year basis. Equities research analysts predict that RadiSys Corp. will post $0.25 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Nationwide Fund Advisors increased its stake in shares of RadiSys Corp. by 163.1% in the second quarter. Nationwide Fund Advisors now owns 28,327 shares of the company’s stock valued at $127,000 after buying an additional 17,559 shares during the period. Rhumbline Advisers purchased a new stake in shares of RadiSys Corp. during the second quarter valued at about $142,000. Moors & Cabot Inc. increased its stake in shares of RadiSys Corp. by 62.4% in the second quarter. Moors & Cabot Inc. now owns 35,900 shares of the company’s stock valued at $157,000 after buying an additional 13,800 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of RadiSys Corp. during the second quarter valued at about $246,000. Finally, Teachers Advisors Inc. purchased a new stake in shares of RadiSys Corp. during the second quarter valued at about $255,000. Institutional investors and hedge funds own 59.34% of the company’s stock.
RadiSys Corp. Company Profile
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.
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