- BOS Better Online Solutions Ltd (NASDAQ:BOSC) SEC filing disclosed a 10.1% stake by capital market company Janney Montgomery Scott.
- BOS is a provider of Intelligent Robotics and Supply Chain solutions for enterprises.
- Janney Montgomery Scott had acquired 524,481 shares, representing a 10.1% stake in the 5.2 million shares outstanding on March 15, 2021.
- In August, BOS reported second-quarter FY21 revenue growth of 23.4% year-on-year to $9.2 million.
- BOS reported a positive EPS of $0.03. The gross margin expanded 560 bps to 17.3%.
- BOS reiterated FY21 revenue guidance of over $33 million and a net profit of above $1 million.
- Price Action: BOSC shares closed higher by 0.63% at $3.19 on Friday.
Volatility In Markets Increases Amid US Midterm Elections
U.S. stocks settled higher on Tuesday amid voting in midterm elections, which will determine control of the Congress.
Wall Street recorded gains for the third straight session on Tuesday. Investors also await data on inflation, due this Thursday, which might show easing in US consumer prices.
