OSI Systems ( (OSIS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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OSI Systems’ stock outlook has improved due to key developments including a $12 million international contract for its security division and record Q2 revenues of $420 million. The company has a robust backlog and strong demand indicators, prompting analysts to raise price targets. This upward momentum is supported by increased spending from US Customs and Border Protection and strategic acquisitions, along with improved fiscal guidance for 2025.
More about OSI Systems
YTD Price Performance: 18.76%
Average Trading Volume: 222,164
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.3B
For further insights into OSIS stock on TipRanks’ Stock Analysis page.
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