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OSI Systems (OSIS) in Focus: Stock Moves 9.1% Higher
OSI Systems, Inc. (OSIS - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. Shares moved up on news that it is purchasing American Science and Engineering Inc. (ASEI) for $200 million. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $49.44 to $53.91 over the past one-month time frame.
None of the estimates for this Electronics-Miscellaneous Components industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
OSI Systems has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
OSI SYSTEMS INC Price
OSI SYSTEMS INC Price | OSI SYSTEMS INC Quote
However, a better-ranked stock in the same space is Fabrinet (FN - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is OSIS going up? Or down? Predict to see what others think: Up or Down
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