OSI Systems Reaches New 52-Week High (OSIS)

NEW YORK ( TheStreet) -- OSI Systems (Nasdaq: OSIS) hit a new 52-week high Thursday as it is currently trading at $65.23, above its previous 52-week high of $64.89 with 56,145 shares traded as of 10:20 a.m. ET. Average volume has been 114,700 shares over the past 30 days.

OSI Systems has a market cap of $1.22 billion and is part of the technology sector and electronics industry. Shares are up 29.1% year to date as of the close of trading on Wednesday.

OSI Systems, Inc., together with its subsidiaries, designs and manufactures electronic systems and components for homeland security, healthcare, defense, and aerospace markets worldwide. The company operates in three divisions: Security, Healthcare, and Optoelectronics and Manufacturing. The company has a P/E ratio of 32.2, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates OSI Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full OSI Systems Ratings Report.

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