Litchfield Hills Research Reiterates Buy Rating for Actelis Networks (NASDAQ:ASNS)

Actelis Networks (NASDAQ:ASNS)‘s stock had its “buy” rating reiterated by equities researchers at Litchfield Hills Research in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $3.00 target price on the stock. Litchfield Hills Research also issued estimates for Actelis Networks’ Q1 2027 earnings at ($0.24) EPS, Q2 2027 earnings at ($0.03) EPS, Q3 2027 earnings at $0.05 EPS, Q4 2027 earnings at $0.06 EPS and FY2027 earnings at $0.10 EPS.

A number of other analysts have also commented on ASNS. Wall Street Zen lowered Actelis Networks to a “strong sell” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.00.

Actelis Networks Trading Up 4.5%

ASNS opened at $0.37 on Monday. The stock has a market capitalization of $9.81 million, a P/E ratio of -0.04 and a beta of 2.23. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. Actelis Networks has a 12 month low of $0.17 and a 12 month high of $8.60. The firm’s fifty day simple moving average is $0.35 and its 200 day simple moving average is $2.21.

Hedge Funds Weigh In On Actelis Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Armistice Capital LLC acquired a new position in Actelis Networks during the third quarter worth $333,000. Boothbay Fund Management LLC acquired a new stake in Actelis Networks in the fourth quarter valued at $79,000. HRT Financial LP bought a new position in shares of Actelis Networks in the 4th quarter valued at about $43,000. Finally, Virtu Financial LLC grew its position in shares of Actelis Networks by 267.5% in the 3rd quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock valued at $26,000 after acquiring an additional 50,546 shares during the period. 12.43% of the stock is owned by institutional investors.

About Actelis Networks

Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.

The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.