DEFSEC Technologies (NASDAQ:DFSC) Stock Rating Upgraded by Wall Street Zen

DEFSEC Technologies (NASDAQ:DFSC) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday.

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

DEFSEC Technologies Stock Down 9.4%

DEFSEC Technologies stock opened at $3.87 on Friday. DEFSEC Technologies has a 52-week low of $1.62 and a 52-week high of $15.37. The firm has a market capitalization of $5.53 million, a price-to-earnings ratio of -0.61 and a beta of 2.65. The company has a fifty day simple moving average of $3.13 and a 200-day simple moving average of $2.63.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DEFSEC Technologies stock. Warberg Asset Management LLC bought a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned 2.07% of DEFSEC Technologies at the end of the most recent reporting period. Institutional investors 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.