OSI Systems Inc. (OSIS) announced Monday morning that Servicio de Administración Tributaria has exercised contractual options under the six-year turnkey screening services agreement with Rapiscan Systems, OSI's security division.
OSI Systems gapped up slightly Monday and rose sharply in early trade. The stock extended its gains going into the close and finished higher by 6.23 at $59.81 on above average volume. OSI Systems surged past the upper end of a month and a half long range and set a new high for the year.
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