RadiSys Co. (NASDAQ:RSYS) dropped 6.7% on Thursday . The stock traded as low as $0.84 and last traded at $0.84. Approximately 1,906,274 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 1,153,669 shares. The stock had previously closed at $0.90.

RSYS has been the subject of several research reports. Roth Capital restated a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. DA Davidson restated a “buy” rating on shares of RadiSys in a research report on Thursday. ValuEngine upgraded shares of RadiSys from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of RadiSys from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.60.

The stock has a market cap of $32.88, a PE ratio of -0.62 and a beta of 0.79.

RadiSys (NASDAQ:RSYS) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.05. RadiSys had a negative net margin of 39.33% and a negative return on equity of 56.68%. The company had revenue of $32.30 million during the quarter, compared to analysts’ expectations of $31.09 million. During the same quarter in the previous year, the company earned $0.04 EPS. RadiSys’s revenue was down 20.4% on a year-over-year basis. research analysts forecast that RadiSys Co. will post -0.21 EPS for the current year.

Several large investors have recently modified their holdings of RSYS. Rhumbline Advisers grew its position in shares of RadiSys 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. Bank of New York Mellon Corp grew its position 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 worth $585,000 after buying an additional 25,495 shares during the period. Dimensional Fund Advisors LP grew its position 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 worth $5,785,000 after buying an additional 49,835 shares during the period. State Street Corp grew its position 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 worth $1,946,000 after buying an additional 47,538 shares during the period. Finally, Moors & Cabot Inc. grew its position 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 worth $183,000 after buying an additional 200 shares during the period. Institutional investors own 57.07% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.watchlistnews.com/radisys-rsys-stock-price-down-6-7/1858124.html.

About RadiSys

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.

Receive News & Ratings for RadiSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadiSys and related companies with MarketBeat.com's FREE daily email newsletter.