On Friday, B.O.S Better Online Solutions Ltd. (NASDAQ:BOSC) spotted trading -52.88% off 52-week high price. On the other end, the stock has been noted 15.34% away from the low price over the last 52-weeks. The stock changed -1.05% to recent value of $1.88. The stock transacted 11643 shares during most recent day however it has an average volume of 17.16K shares. The company has 4.31M of outstanding shares and 4.04M shares were floated in the market.
On Feb. 25, 2020, B.O.S Better Online Solutions Ltd. (NASDAQ:BOSC) a global provider of Intelligent Robotics and Supply Chain solutions for enterprises, released that it has entered into an agreement for a loan from a private investment fund in the principal amount of $600,000.
Eyal Cohen, BOS CEO, stated, We are focused on driving growth opportunities related to our Robotics business in the United States. In late 2019, we opened a sales office in Dallas, Texas and appointed a U.S. Director of Sales. The loan proceeds will support the build out of our U.S. sales platform as we work to increase our market recognition.
The principal loan amount bears an interest rate of 8% per annum and is not secured. The loan will be repaid in 12 monthly installments of principal and interest. BOS shall issue to the lender warrants to purchase up to 100,000 ordinary shares of the Company at an exercise price of $3.00 per ordinary share. The warrants shall be exercisable for a period of two years from issuance. The Company paid to the lender a commitment fee of $15,000.
BOS is a global provider of Intelligent Robotics and Supply Chain solutions for enterprises. BOS offers smart automation systems for industrial processes, logistics and retail stores. The Company’s Supply Chain division provides electronic components mainly for the aerospace, defense and other industries worldwide including electronic components services of consolidation from a vast number of suppliers, long term scheduling and kitting.
Its earnings per share (EPS) expected to touch remained 16.00% for this year. BOSC has a gross margin of 20.70% and an operating margin of 3.20% while its profit margin remained 2.30% for the last 12 months.
According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -9.75% from the mean of 20 days, -9.94% from mean of 50 days SMA and performed -20.89% from mean of 200 days price. Company’s performance for the week was -7.84%, -12.59% for month and YTD performance remained -5.53%.