Shares of OSI Systems, Inc. Dive 13% After Strong Comments by Short-Seller
Shares of OSI Systems, Inc. (NASDAQ: OSIS), a designer and manufacturer of specialized electronic systems for homeland security applications, are down more than 13% as of 11 a.m. EST, after Muddy Waters Capital noted it was shorting the company.
The short-seller sees OSI Systems as overly reliant on a single contract. "The major major contract these guys have is a turnkey contract in Mexico, and that's up for renewal," investor Carson Block said during an interview on Bloomberg TV. "The pricing on that appears to be egregious and a lot of investors don't understand the economics of this."
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Source: Fool.com
Osi Systems Inc. Stock
€132.00
-2.220%
Osi Systems Inc. is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
As a result the target price of 159 € shows a positive potential of 20.45% compared to the current price of 132.0 € for Osi Systems Inc..
