B.O.S. Better Online Solutions (NASDAQ:BOSC) Stock Passes Above 200-Day Moving Average of $2.85

Shares of B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.85 and traded as high as $3.09. B.O.S. Better Online Solutions shares last traded at $3.00, with a volume of 25,236 shares changing hands.

Analyst Ratings Changes

Separately, ThinkEquity started coverage on B.O.S. Better Online Solutions in a report on Monday, June 10th. They issued a “buy” rating and a $5.00 price objective for the company.

B.O.S. Better Online Solutions Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.59 and a current ratio of 2.33. The firm has a market capitalization of $17.24 million, a P/E ratio of 8.33 and a beta of 0.84. The firm has a 50 day moving average price of $2.89 and a two-hundred day moving average price of $2.85.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last announced its earnings results on Thursday, August 22nd. The communications equipment provider reported $0.09 EPS for the quarter. The company had revenue of $8.45 million during the quarter. B.O.S. Better Online Solutions had a net margin of 4.90% and a return on equity of 10.30%.

Hedge Funds Weigh In On B.O.S. Better Online Solutions

An institutional investor recently raised its position in B.O.S. Better Online Solutions stock. Renaissance Technologies LLC boosted its holdings in shares of B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,211 shares of the communications equipment provider’s stock after acquiring an additional 7,095 shares during the quarter. Renaissance Technologies LLC owned approximately 2.79% of B.O.S. Better Online Solutions worth $450,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Company Profile

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions.