DEFSEC Technologies (NASDAQ:DFSC) Trading Down 7.5% – What’s Next?

DEFSEC Technologies Inc. (NASDAQ:DFSC) traded down 7.5% during mid-day trading on Wednesday . The company traded as low as $2.28 and last traded at $2.34. Approximately 41,994 shares traded hands during trading, a decline of 52% from the average daily volume of 87,094 shares. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

DFSC has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Monday, April 20th. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

DEFSEC Technologies Stock Down 7.5%

The stock has a market cap of $3.35 million, a P/E ratio of -0.37 and a beta of 2.72. The firm has a 50 day moving average price of $3.56 and a 200 day moving average price of $2.61.

DEFSEC Technologies (NASDAQ:DFSC) last announced its quarterly earnings data 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 firm had revenue of $1.54 million during the quarter.

Institutional Trading of DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned approximately 11.05% of DEFSEC Technologies at the end of the most recent quarter. 21.39% of the stock is owned by institutional investors.

About DEFSEC Technologies

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.