DEFSEC Technologies (NASDAQ:DFSC) Issues Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) posted its quarterly earnings results on Thursday. The company reported ($1.00) earnings per share for the quarter, Zacks reports. DEFSEC Technologies had a negative return on equity of 160.64% and a negative net margin of 195.30%.

DEFSEC Technologies Stock Down 5.8%

Shares of DEFSEC Technologies stock traded down $0.11 during trading on Thursday, reaching $1.80. 59,262 shares of the stock were exchanged, compared to its average volume of 86,719. The firm has a market cap of $2.57 million, a price-to-earnings ratio of -0.07 and a beta of 2.31. DEFSEC Technologies has a 1 year low of $1.62 and a 1 year high of $26.46. The stock’s fifty day moving average is $2.22 and its 200 day moving average is $3.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

DEFSEC Technologies Company Profile

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.