DEFSEC Technologies (NASDAQ:DFSC) Releases Quarterly Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) posted its quarterly earnings results on Thursday. The company reported ($1.00) earnings per share (EPS) for the quarter, Zacks reports. DEFSEC Technologies had a negative net margin of 195.30% and a negative return on equity of 160.64%.

DEFSEC Technologies Stock Performance

NASDAQ DFSC traded down $0.11 on Thursday, reaching $1.80. The stock had a trading volume of 59,262 shares, compared to its average volume of 86,719. The stock has a market cap of $2.57 million, a P/E ratio of -0.07 and a beta of 2.31. DEFSEC Technologies has a 12-month low of $1.62 and a 12-month high of $26.46. The business’s 50-day moving average price is $2.22 and its 200 day moving average price is $3.18.

Wall Street Analysts Forecast Growth

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

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.