OSI Systems Shares Drop as Traders Question $1.9B Backlog
OSI Systems slipped 0.9% to $218.89 by Wednesday afternoon, with the maker of security screening and electronics systems seeing light trading. Shares moved in a range from $216.46 to $222.66. Market cap was roughly $3.78 billion. OSI shares are moving even though the company hasn’t put out fresh news. Traders are watching the stock after a series of federal security contracts and as U.S. stocks pull back following a sharp tech-driven rally.