DEFSEC Technologies (NASDAQ:DFSC) Shares Down 4.2% – What’s Next?

DEFSEC Technologies Inc. (NASDAQ:DFSC)’s share price traded down 4.2% on Friday . The company traded as low as $1.97 and last traded at $2.05. 34,531 shares were traded during trading, a decline of 89% from the average session volume of 306,138 shares. The stock had previously closed at $2.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

DEFSEC Technologies Price Performance

The stock’s 50 day moving average is $2.08 and its two-hundred day moving average is $2.85. The stock has a market capitalization of $2.93 million, a PE ratio of -0.21 and a beta of 2.28.

DEFSEC Technologies (NASDAQ:DFSC) last issued its earnings results on Thursday, February 12th. The company reported ($1.00) earnings per share for the quarter. DEFSEC Technologies had a negative net margin of 154.40% and a negative return on equity of 125.96%. The firm had revenue of $0.94 million during the quarter.

Institutional Investors Weigh In On DEFSEC Technologies

An institutional investor recently bought a new position in DEFSEC Technologies stock. Warberg Asset Management LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned about 2.07% of DEFSEC Technologies at the end of the most recent quarter. 21.39% of the stock is currently owned by institutional investors and hedge funds.

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.