Defence (LON:ALRT) Shares Up 7.4% – Still a Buy?

Defence Holdings (LON:ALRT) was up 7.4% during mid-day trading on Tuesday . The stock traded as high as GBX 1.35 and last traded at GBX 1.30. Approximately 29,421,389 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 20,886,469 shares. The stock had previously closed at GBX 1.21.

Defence Stock Down 5.2%

The firm has a fifty day simple moving average of GBX 1.29 and a 200-day simple moving average of GBX 1.82. The company has a market cap of £29.56 million and a PE ratio of -1.87.

About Defence

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.