Zacks Investment Research upgraded shares of RadiSys (NASDAQ:RSYS) from a hold rating to a buy rating in a report released on Tuesday. The firm currently has $1.75 price target on the technology company’s stock.

According to Zacks, “RadiSys Corporation is a leader in computer based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. Unlike general purpose computers, embedded computer solutions are incorporated into systems and equipment to provide a single or a limited number of critical system control functions and are generally integrated into larger automated systems. “

RSYS has been the topic of a number of other reports. ValuEngine upgraded shares of RadiSys from a sell rating to a hold rating in a research report on Wednesday, May 2nd. DA Davidson cut shares of RadiSys from a buy rating to a neutral rating in a research report on Monday, July 2nd. Roth Capital reiterated a neutral rating and set a $6.00 price target on shares of RadiSys in a research report on Monday, July 9th. Finally, Northland Securities cut shares of RadiSys from an outperform rating to a market perform rating in a research report on Tuesday, July 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. RadiSys has an average rating of Buy and a consensus price target of $3.56.

Shares of RadiSys traded up $0.02, hitting $1.40, during trading on Tuesday, Marketbeat reports. The company had a trading volume of 338,199 shares, compared to its average volume of 410,442. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of -1.10. The stock has a market cap of $57.04 million, a price-to-earnings ratio of -2.55 and a beta of 1.54. RadiSys has a 52 week low of $0.53 and a 52 week high of $1.73.

RadiSys (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, July 31st. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. RadiSys had a negative net margin of 41.30% and a negative return on equity of 201.99%. The business had revenue of $24.41 million for the quarter, compared to analysts’ expectations of $20.55 million. sell-side analysts forecast that RadiSys will post -0.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of RSYS. Ancora Advisors LLC boosted its stake in shares of RadiSys by 19.7% during the first quarter. Ancora Advisors LLC now owns 709,312 shares of the technology company’s stock valued at $455,000 after purchasing an additional 116,565 shares during the period. California Public Employees Retirement System boosted its stake in shares of RadiSys by 171.9% during the first quarter. California Public Employees Retirement System now owns 234,416 shares of the technology company’s stock valued at $150,000 after purchasing an additional 148,216 shares during the period. Millennium Management LLC purchased a new stake in shares of RadiSys during the fourth quarter valued at approximately $200,000. Two Sigma Investments LP boosted its stake in shares of RadiSys by 76.7% during the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock valued at $457,000 after purchasing an additional 197,342 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of RadiSys by 247.7% during the fourth quarter. Two Sigma Advisers LP now owns 186,000 shares of the technology company’s stock valued at $187,000 after purchasing an additional 132,500 shares during the period. Institutional investors and hedge funds own 32.38% of the company’s stock.

About RadiSys

Radisys Corporation provides telecom solutions worldwide. It operates in two segments, Software-Systems and Hardware Solutions. The company's products include MediaEngine products that provide media processing capabilities required for applications, such as voice over long-term evolution (VoLTE), voice over Wi-Fi, Web real-time communication, and multimedia conferencing, as well as media interworking; and MobilityEngine, Its MobilityEngine products portfolio provide solutions for 4G, LTE-Advance and emerging 5G standards for RAN use cases, including Centralized, Virtualized and multi access edge compute (MEC).

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