DEFSEC Technologies (NASDAQ:DFSC) Trading Down 7.5% – What’s Next?

DEFSEC Technologies Inc. (NASDAQ:DFSC)’s stock price was down 7.5% on Wednesday . The company traded as low as $2.28 and last traded at $2.34. 41,994 shares traded hands during trading, a decline of 52% from the average daily volume of 87,094 shares. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

DFSC has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Monday, April 20th. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a research note 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”.

DEFSEC Technologies Stock Performance

The company has a market cap of $3.12 million, a P/E ratio of -0.34 and a beta of 2.72. The business has a 50 day moving average price of $3.55 and a 200-day moving average price of $2.60.

DEFSEC Technologies (NASDAQ:DFSC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.73) earnings per share (EPS) for the quarter. The firm had revenue of $1.52 million for the quarter. DEFSEC Technologies had a negative return on equity of 143.21% and a negative net margin of 141.81%.

Institutional Trading of DEFSEC Technologies

An institutional investor recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC bought a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 21.39% of the company’s stock.

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.