DEFSEC Technologies (NASDAQ:DFSC) Issues Quarterly Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) released its quarterly earnings results on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. DEFSEC Technologies had a negative net margin of 154.40% and a negative return on equity of 125.96%.

DEFSEC Technologies Price Performance

DEFSEC Technologies stock traded down $0.11 during mid-day trading on Wednesday, reaching $4.84. The stock had a trading volume of 134,483 shares, compared to its average volume of 227,801. The company has a market capitalization of $6.92 million, a price-to-earnings ratio of -0.49 and a beta of 2.47. The company has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.58. DEFSEC Technologies has a one year low of $1.62 and a one year high of $15.37.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC purchased a new position in DEFSEC Technologies Inc. (NASDAQ:DFSC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 reporting period. 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.