DEFSEC Technologies (NASDAQ:DFSC) Stock Price Down 9.6% – Time to Sell?

DEFSEC Technologies Inc. (NASDAQ:DFSC)’s share price dropped 9.6% during mid-day trading on Wednesday . The stock traded as low as $3.69 and last traded at $3.8130. Approximately 74,228 shares traded hands during trading, a decline of 27% from the average daily volume of 101,913 shares. The stock had previously closed at $4.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

DEFSEC Technologies Stock Performance

The stock has a market capitalization of $5.45 million, a price-to-earnings ratio of -0.60 and a beta of 2.65. The company has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $2.62.

DEFSEC Technologies (NASDAQ:DFSC) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. The firm had revenue of $1.54 million during the quarter. DEFSEC Technologies had a negative return on equity of 143.21% and a negative net margin of 141.81%.

Hedge Funds Weigh In On DEFSEC Technologies

An institutional investor recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in DEFSEC Technologies Inc. (NASDAQ:DFSC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned 11.05% of DEFSEC Technologies as of its most recent SEC filing. Institutional investors and hedge funds 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.