Actelis Networks (NASDAQ:ASNS) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Actelis Networks (NASDAQ:ASNS) to a strong sell rating in a research note published on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Actelis Networks in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Actelis Networks presently has an average rating of “Hold” and an average target price of $5.00.

Actelis Networks Stock Performance

Shares of ASNS opened at $0.62 on Friday. The business’s fifty day moving average price is $0.48 and its 200 day moving average price is $0.59. Actelis Networks has a 12-month low of $0.33 and a 12-month high of $1.78. The stock has a market capitalization of $7.75 million, a PE ratio of -0.79 and a beta of 1.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 0.54.

Actelis Networks (NASDAQ:ASNS) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.05). Actelis Networks had a negative return on equity of 264.19% and a negative net margin of 115.31%.The firm had revenue of $0.94 million for the quarter, compared to the consensus estimate of $1.00 million. Equities research analysts forecast that Actelis Networks will post -0.53 EPS for the current year.

About Actelis Networks

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.