Shares of RadiSys Co. (NASDAQ:RSYS) have been assigned an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.58.

RSYS has been the topic of a number of analyst reports. Zacks Investment Research upgraded RadiSys from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Thursday, April 26th. ValuEngine upgraded RadiSys from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. DA Davidson cut RadiSys from a “buy” rating to a “neutral” rating in a research note on Monday, July 2nd. Northland Securities cut RadiSys from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 3rd. Finally, Roth Capital restated a “neutral” rating and issued a $6.00 price target on shares of RadiSys in a research note on Monday, July 9th.

RadiSys stock opened at $1.51 on Friday. RadiSys has a 1-year low of $0.53 and a 1-year high of $1.73. The company has a debt-to-equity ratio of -1.10, a quick ratio of 0.90 and a current ratio of 0.97. The firm has a market capitalization of $55.45 million, a price-to-earnings ratio of -2.75 and a beta of 1.54.

RadiSys (NASDAQ:RSYS) last posted its quarterly earnings results on Tuesday, July 31st. The technology company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.13. RadiSys had a negative return on equity of 126.30% and a negative net margin of 41.30%. The company had revenue of $24.41 million for the quarter, compared to analysts’ expectations of $20.55 million. analysts anticipate that RadiSys will post -0.19 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of RadiSys by 22.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,094,099 shares of the technology company’s stock worth $3,110,000 after purchasing an additional 573,400 shares during the last quarter. Arbor Wealth Management LLC purchased a new position in shares of RadiSys during the second quarter worth about $1,981,000. Ancora Advisors LLC grew its holdings in shares of RadiSys by 19.7% during the first quarter. Ancora Advisors LLC now owns 709,312 shares of the technology company’s stock worth $455,000 after purchasing an additional 116,565 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of RadiSys by 171.9% during the first quarter. California Public Employees Retirement System now owns 234,416 shares of the technology company’s stock worth $150,000 after purchasing an additional 148,216 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of RadiSys during the fourth quarter worth about $200,000. 32.26% of the stock is currently owned by institutional investors.

RadiSys Company Profile

Radisys Corporation provides telecom solutions worldwide. It operates in two segments, Software-Systems and Hardware Solutions. The company's products include MediaEngine products that provide media processing capabilities required for applications, such as voice over long-term evolution (VoLTE), voice over Wi-Fi, Web real-time communication, and multimedia conferencing, as well as media interworking; and MobilityEngine, Its MobilityEngine products portfolio provide solutions for 4G, LTE-Advance and emerging 5G standards for RAN use cases, including Centralized, Virtualized and multi access edge compute (MEC).

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