DEFSEC Technologies (NASDAQ:DFSC) Releases Quarterly Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) posted its quarterly earnings results on Wednesday. The company reported ($0.92) EPS for the quarter, Zacks reports. DEFSEC Technologies had a negative return on equity of 136.07% and a negative net margin of 120.97%.The business had revenue of $1.97 million for the quarter.

DEFSEC Technologies Stock Performance

Shares of DFSC traded up $0.48 during trading hours on Friday, reaching $2.79. The stock had a trading volume of 16,778,304 shares, compared to its average volume of 961,543. DEFSEC Technologies has a 12 month low of $1.16 and a 12 month high of $6.00. The stock has a market capitalization of $5.55 million, a PE ratio of -0.60 and a beta of 2.76. The company’s 50-day moving average is $2.27 and its two-hundred day moving average is $2.51.

Hedge Funds Weigh In On DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 21.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. Wall Street Zen raised shares of DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus 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.