Could RadiSys Corporation (RSYS) Go Down? The Stock Formed Bearish Multiple Bottom Pattern

February 15, 2018 - By Ellis Scott

Investors sentiment decreased to 1.11 in Q3 2017. Its down 0.21, from 1.32 in 2017Q2. It worsened, as 12 investors sold RadiSys Corporation shares while 16 reduced holdings. 11 funds opened positions while 20 raised stakes. 19.57 million shares or 14.44% less from 22.88 million shares in 2017Q2 were reported.
33,037 are owned by Parametric Portfolio Assocs Lc. Kennedy Capital Mngmt stated it has 0.01% of its portfolio in RadiSys Corporation (NASDAQ:RSYS). Jacobs Levy Equity Inc reported 203,408 shares or 0.01% of all its holdings. Blackrock Inc owns 0% invested in RadiSys Corporation (NASDAQ:RSYS) for 2.54 million shares. Walleye Trading Limited Company, a Minnesota-based fund reported 14,048 shares. Price T Rowe Incorporated Md stated it has 56,898 shares or 0% of all its holdings. Invesco Ltd has invested 0% in RadiSys Corporation (NASDAQ:RSYS). Ancora Advsr Ltd Liability Corporation owns 377,427 shares for 0.03% of their portfolio. Bank & Trust Of Ny Mellon Corporation holds 155,368 shares or 0% of its portfolio. Dimensional Fund Lp stated it has 0% in RadiSys Corporation (NASDAQ:RSYS). Twin Focus Cap Limited holds 0.01% in RadiSys Corporation (NASDAQ:RSYS) or 13,621 shares. Wells Fargo And Communication Mn holds 0% or 48,805 shares in its portfolio. Moreover, Bridgeway Capital Mngmt has 0% invested in RadiSys Corporation (NASDAQ:RSYS). Moreover, Balyasny Asset Mgmt Lc has 0% invested in RadiSys Corporation (NASDAQ:RSYS). Moors And Cabot Inc, a Massachusetts-based fund reported 44,000 shares.

The stock of RadiSys Corporation (RSYS) shows a multiple bottoms pattern with $0.79 target or 9.00 % below today’s $0.87 share price. The 6 months chart pattern indicates high risk for the $34.06M company. It was reported on Feb, 15 by Finviz.com. If the $0.79 price target is reached, the company will be worth $3.07 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 3.01% or $0.03 during the last trading session, reaching $0.87. About 387,536 shares traded. RadiSys Corporation (NASDAQ:RSYS) has declined 4.32% since February 15, 2017 and is downtrending. It has underperformed by 21.02% the S&P500.

RadiSys Corporation (NASDAQ:RSYS) Ratings Coverage

Among 6 analysts covering RadiSys (NASDAQ:RSYS), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. RadiSys has $7.25 highest and $3.0 lowest target. $4.60’s average target is 428.74% above currents $0.87 stock price. RadiSys had 11 analyst reports since September 3, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $6.7500 target in Friday, June 9 report. On Thursday, September 3 the stock rating was initiated by Northland Capital with “Outperform”. As per Tuesday, March 22, the company rating was initiated by Roth Capital. The stock of RadiSys Corporation (NASDAQ:RSYS) earned “Buy” rating by Lake Street on Monday, March 21. On Friday, September 8 the stock rating was maintained by DA Davidson with “Buy”. The rating was maintained by Jefferies on Thursday, September 7 with “Buy”. The stock has “Buy” rating by Needham on Monday, January 25. The stock of RadiSys Corporation (NASDAQ:RSYS) has “Buy” rating given on Friday, February 10 by Needham. The company was maintained on Friday, June 17 by Jefferies. Roth Capital maintained the shares of RSYS in report on Monday, June 26 with “Buy” rating.

More news for RadiSys Corporation (NASDAQ:RSYS) were recently published by: Businesswire.com, which released: “Radisys Reports Fourth Quarter 2017 Results” on February 07, 2018. Businesswire.com‘s article titled: “Radisys Appoints Steve Domenik to Board of Directors” and published on February 07, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.