RadiSys (RSYS) Shares Down 5.5%
RadiSys Co. (NASDAQ:RSYS) traded down 5.5% on Tuesday . The company traded as low as $1.00 and last traded at $1.04. 854,916 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 1,754,342 shares. The stock had previously closed at $1.10.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of RadiSys from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital reaffirmed a “buy” rating on shares of RadiSys in a report on Monday, December 4th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. RadiSys currently has a consensus rating of “Hold” and an average target price of $3.60.
The company has a market capitalization of $43.06, a price-to-earnings ratio of -1.09 and a beta of 1.20.
Several large investors have recently made changes to their positions in RSYS. Dimensional Fund Advisors LP raised its holdings in shares of RadiSys by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after buying an additional 49,835 shares during the last quarter. State Street Corp raised its holdings in shares of RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after buying an additional 47,538 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of RadiSys by 19.6% in the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock valued at $585,000 after buying an additional 25,495 shares during the last quarter. Rhumbline Advisers increased its stake in shares of RadiSys by 26.3% during the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares during the period. Finally, Moors & Cabot Inc. increased its stake in shares of RadiSys by 0.4% during the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after acquiring an additional 200 shares during the period. 57.18% of the stock is owned by institutional investors and hedge funds.
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RadiSys 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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