OSI Systems (OSIS) is Downgraded by The Benchmark Company to Hold, Lowers Price Target to $ 65

OSI Systems (OSIS) was Downgraded by The Benchmark Company to ” Hold” while Lowering the Price Target of the company shares to $ 65 from a previous price target of $75 . Earlier the firm had a rating of “Buy ” on the company shares. The Benchmark Company advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on OSI Systems. Shares were Reiterated by The Benchmark Company on Apr 13, 2016 to “Buy” and Lowered the Price Target to $ 75 from a previous price target of $83 .

On the company’s financial health, OSI Systems reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.63. The company had revenue of $210.80 million for the quarter, compared to analysts expectations of $210.64 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.

OSI Systems closed down -1.715 points or -2.80% at $59.58 with 2,82,766 shares getting traded on Wednesday. Post opening the session at $61.09, the shares hit an intraday low of $59.37 and an intraday high of $61.2399 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 4, 2015, Chee Cheong Nicholas Ong (Pres., Spacelabs Healthcare) sold 5,000 shares at $94.15 per share price. According to the SEC, on Nov 27, 2015, Deepak Chopra (President and CEO) sold 46,944 shares at $94.25 per share price. On Nov 27, 2015, Victor S Sze (General Counsel) sold 10,000 shares at $94.35 per share price, according to the Form-4 filing with the securities and exchange commission.

OSI Systems Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets including homeland security healthcare defense and aerospace. The Company has three operating divisions: Security Healthcare and Optoelectronics and Manufacturing. Security provides security and inspection systems turn-key security screening solutions and related services. Healthcare provides patient monitoring diagnostic cardiology and anesthesia systems. Optoelectronics and Manufacturing provides specialized electronic components for the Security and Healthcare divisions as well as for applications in the defense aerospace medical and industrial markets.

OSI Systems

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