RadiSys Co. (NASDAQ:RSYS) saw an uptick in trading volume on Monday . 3,524,786 shares were traded during trading, an increase of 361% from the previous session’s volume of 765,060 shares.The stock last traded at $1.57 and had previously closed at $1.51.
A number of research firms have issued reports on RSYS. Roth Capital reissued a “neutral” rating and set a $6.00 price target on shares of RadiSys in a research report on Monday. Northland Securities downgraded RadiSys from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 3rd. DA Davidson downgraded RadiSys from a “buy” rating to a “neutral” rating in a research report on Monday, July 2nd. Zacks Investment Research raised RadiSys from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research report on Thursday, April 26th. Finally, ValuEngine raised RadiSys from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. RadiSys has a consensus rating of “Buy” and a consensus price target of $3.13.
Get RadiSys alerts:The company has a market capitalization of $59.54 million, a P/E ratio of -2.82 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 18.71.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.02. The company had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $24.43 million. RadiSys had a negative return on equity of 100.29% and a negative net margin of 40.08%. research analysts forecast that RadiSys Co. will post -0.24 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System lifted its stake 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 in the last quarter. Two Sigma Advisers LP lifted its stake in shares of RadiSys by 247.7% during the fourth quarter. Two Sigma Advisers LP now owns 186,000 shares of the technology company’s stock worth $187,000 after purchasing an additional 132,500 shares in the last quarter. Millennium Management LLC acquired a new position in shares of RadiSys during the fourth quarter worth about $200,000. Ancora Advisors LLC lifted its stake 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 in the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of RadiSys by 76.7% during the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock worth $457,000 after purchasing an additional 197,342 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.
About RadiSys
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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