RadiSys Corporation (NASDAQ:RSYS) fell 5.1% during mid-day trading on Monday . The stock traded as low as $1.28 and last traded at $1.30. 579,936 shares were traded during trading, an increase of 33% from the average session volume of 435,933 shares. The stock had previously closed at $1.37.

Several research firms have issued reports on RSYS. Needham & Company LLC dropped their price objective on RadiSys Corporation from $4.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, August 2nd. Lake Street Capital restated a “buy” rating and set a $3.00 price objective (down from $4.50) on shares of RadiSys Corporation in a report on Tuesday, August 8th. DA Davidson restated a “buy” rating and set a $3.50 price objective on shares of RadiSys Corporation in a report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $3.00 price objective on shares of RadiSys Corporation in a report on Sunday, September 10th. Finally, Roth Capital set a $6.00 price objective on RadiSys Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. RadiSys Corporation currently has a consensus rating of “Buy” and an average price target of $3.60.

The stock’s market cap is $49.59 million. The company has a 50 day moving average price of $1.48 and a 200-day moving average price of $2.82.

RadiSys Corporation (NASDAQ:RSYS) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. The firm had revenue of $35.09 million for the quarter, compared to analyst estimates of $35.05 million. RadiSys Corporation had a negative return on equity of 14.12% and a negative net margin of 14.38%. The business’s quarterly revenue was down 42.7% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. On average, analysts forecast that RadiSys Corporation will post ($0.34) earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of RSYS. Malaga Cove Capital LLC raised its stake in RadiSys Corporation by 67.0% during the 2nd quarter. Malaga Cove Capital LLC now owns 36,750 shares of the technology company’s stock worth $139,000 after buying an additional 14,750 shares during the period. Rhumbline Advisers raised its stake in RadiSys Corporation by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after buying an additional 8,575 shares during the period. Moors & Cabot Inc. raised its stake in RadiSys Corporation by 0.4% during the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after buying an additional 200 shares during the period. AXA acquired a new stake in RadiSys Corporation during the 1st quarter worth $383,000. Finally, Cadence Capital Management LLC raised its stake in RadiSys Corporation by 5.8% during the 2nd quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock worth $542,000 after buying an additional 7,858 shares during the period. 58.70% of the stock is currently owned by institutional investors and hedge funds.

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About RadiSys Corporation

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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