DEFSEC Technologies (NASDAQ:DFSC) Issues Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) issued its quarterly earnings data on Wednesday. The company reported ($0.92) earnings per share for the quarter, Zacks reports. DEFSEC Technologies had a negative return on equity of 143.21% and a negative net margin of 141.81%.

DEFSEC Technologies Stock Performance

DFSC traded down $0.05 during mid-day trading on Wednesday, reaching $1.24. The stock had a trading volume of 111,450 shares, compared to its average volume of 122,182. The stock has a market capitalization of $2.47 million, a P/E ratio of -0.19 and a beta of 2.76. The firm’s fifty day simple moving average is $2.36 and its two-hundred day simple moving average is $2.51. DEFSEC Technologies has a 52 week low of $1.16 and a 52 week high of $6.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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 stake in DEFSEC Technologies Inc. (NASDAQ:DFSC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies as of its most recent SEC filing. Institutional investors own 21.39% of the company’s stock.

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.