Defence (LON:ALRT) Stock Price Down 7.5% – Here’s What Happened

Shares of Defence Holdings (LON:ALRT) dropped 7.5% during trading on Tuesday . The company traded as low as GBX 1.73 and last traded at GBX 1.96. Approximately 117,943,109 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 70,318,906 shares. The stock had previously closed at GBX 2.12.

Defence Trading Down 6.8%

The company’s 50-day simple moving average is GBX 1.84. The company has a market cap of £47.06 million and a PE ratio of -3.09.

Defence (LON:ALRT) last released its earnings results on Monday, December 22nd. The company reported GBX (0.17) EPS for the quarter.

Defence Company Profile

Headquartered in London, Defence Holdings PLC is a publicly listed company trading under the stock ticker (ALRT) dedicated to delivering high-performance defence and security solutions for the UK and European markets. Leveraging deep capital-markets expertise and a network of technology partners, the Company intends to develop and acquire advanced sensors, AI-driven analytics, secure communications and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.