DEFSEC Technologies (NASDAQ:DFSC) Releases Quarterly Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) issued its quarterly earnings results on Monday. The company reported ($1.96) earnings per share (EPS) for the quarter, Zacks reports. DEFSEC Technologies had a negative return on equity of 217.22% and a negative net margin of 232.47%.

DEFSEC Technologies Stock Down 3.8%

Shares of NASDAQ:DFSC traded down $0.07 during trading on Monday, hitting $1.75. 169,684 shares of the company were exchanged, compared to its average volume of 534,907. The company has a 50 day moving average of $3.35. DEFSEC Technologies has a 12-month low of $1.62 and a 12-month high of $26.46. The stock has a market capitalization of $2.50 million, a PE ratio of -0.07 and a beta of 2.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About DEFSEC Technologies

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.