API Technologies Corp (ATNY) Releases Quarterly Earnings Results, Misses Expectations By $0.26 EPS
API Technologies Corp (NASDAQ:ATNY) issued its quarterly earnings data on Wednesday. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.26, AmericanBankingNews.com reports.
A number of analysts have recently weighed in on ATNY shares. Analysts at Zacks upgraded shares of API Technologies Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. They now have a $2.80 price target on the stock. Analysts at B. Riley cut their price target on shares of API Technologies Corp from $5.00 to $4.50 in a research note on Friday, April 11th.
API Technologies Corp (NASDAQ:ATNY) traded down 3.15% on Wednesday, hitting $2.46. 169,689 shares of the company’s stock traded hands. API Technologies Corp has a 52 week low of $2.20 and a 52 week high of $3.86. The stock’s 50-day moving average is $2.67 and its 200-day moving average is $2.85. The company has a market cap of $136.2 million and a price-to-earnings ratio of 43.79.
API Technologies Corp. (NASDAQ:ATNY) designs, develops and manufactures systems, subsystems, radio frequency (RF) and secure communications products, as well as provides electronics manufacturing and engineering services.
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