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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.88-0.3%Jan 30 4:00 PM EST
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To: Return to Sender who wrote (32443)5/23/2001 2:17:22 PM
From: Johnny Canuck  Read Replies (1) of 70328
 
Can't find any news. Why the increase in volume?

This stocks failed to break above the 100 EMA and the 50 day EMA did not provide support. This would normally be trouble for a stock, but the low float and daily volume indicates something is up.

P/S = 0.30
P/B = 0.52

Wednesday April 4, 5:31 am Eastern Time
Press Release
OSI Systems Repurchases Approximately 9.5 Percent of Outstanding Shares Since March 1999
Average Per Share Price of $4.60
HAWTHORNE, Calif.--(BUSINESS WIRE)--April 4, 2001--OSI Systems Inc. (Nasdaq:OSIS - news), today announced that it has repurchased 935,500 shares of its outstanding Common Stock to date in open market transactions under the share repurchase program authorized by the company's board of directors in March 1999.

Including the effect of these share repurchases, OSI Systems currently has approximately 8.9 million shares outstanding.

Of the 935,500 shares, 770,500 were purchased between March 1999 and December 2000 at an average purchase price of approximately $4.68 per share. 165,000 additional shares have been purchased to date in the current 2001 calendar year at an average price of approximately $4.21 per share.

``Our repurchase of 9.5 percent of the outstanding stock of OSI represents our commitment to increasing shareholder value,'' said Deepak Chopra, OSI's chairman and chief executive officer.
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