DEFSEC Technologies (NASDAQ:DFSC) Announces Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) posted its quarterly earnings results on Wednesday. The company reported ($0.92) earnings per share for the quarter, Zacks reports. DEFSEC Technologies had a negative return on equity of 143.21% and a negative net margin of 141.81%.

DEFSEC Technologies Trading Down 3.9%

DFSC traded down $0.05 on Wednesday, hitting $1.24. The company had a trading volume of 111,450 shares, compared to its average volume of 122,182. The company’s fifty day moving average price is $2.36 and its 200 day moving average price is $2.51. DEFSEC Technologies has a 1 year low of $1.16 and a 1 year high of $6.00. The firm has a market cap of $2.47 million, a P/E ratio of -0.19 and a beta of 2.76.

Analysts Set New Price Targets

A number of research firms have weighed in on DFSC. Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Friday, July 17th. Wall Street Zen raised DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DEFSEC Technologies currently has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

An institutional investor recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned 11.05% of DEFSEC Technologies as of its most recent filing with the SEC. 21.39% of the stock is currently owned by institutional investors.

DEFSEC Technologies Company Profile

DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.