RadiSys (RSYS) Stock Price Down 10.1%
RadiSys Co. (NASDAQ:RSYS) fell 10.1% during mid-day trading on Tuesday . The company traded as low as $1.05 and last traded at $1.07. 1,951,187 shares changed hands during trading, a decline of 16% from the average session volume of 2,320,231 shares. The stock had previously closed at $1.19.
A number of research firms have issued reports on RSYS. Zacks Investment Research upgraded RadiSys from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Roth Capital restated a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $3.60.
The stock has a market capitalization of $44.24, a P/E ratio of -1.19 and a beta of 1.20.
Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of RadiSys by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after acquiring an additional 49,835 shares during the period. State Street Corp grew its stake in shares of RadiSys by 10.1% during the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after acquiring an additional 47,538 shares during the period. Bank of New York Mellon Corp grew its stake in shares of RadiSys by 19.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock valued at $585,000 after acquiring an additional 25,495 shares during the period. Moors & Cabot Inc. grew its stake in shares of RadiSys by 0.4% during the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock valued at $183,000 after acquiring an additional 200 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of RadiSys by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock valued at $155,000 after acquiring an additional 8,575 shares during the period. Institutional investors own 57.18% of the company’s stock.
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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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