Liberty Defense (NASDAQ:DETX) Issues Quarterly Earnings Results

Liberty Defense (NASDAQ:DETX) released its earnings results on Friday. The company reported ($0.46) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.72 million for the quarter.

Liberty Defense Stock Up 3.4%

Shares of Liberty Defense stock traded up $0.04 on Friday, hitting $1.20. 4,919 shares of the company were exchanged, compared to its average volume of 29,572. The company has a 50-day moving average price of $1.83 and a 200 day moving average price of $3.14. The stock has a market capitalization of $2.38 million and a price-to-earnings ratio of -0.66. Liberty Defense has a 1-year low of $1.15 and a 1-year high of $4.98.

Institutional Investors Weigh In On Liberty Defense

A hedge fund recently bought a new position in Liberty Defense stock. AWM Investment Company Inc. bought a new stake in Liberty Defense Holdings, Ltd. (NASDAQ:DETX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned approximately 25.97% of Liberty Defense as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Liberty Defense in a research report on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Liberty Defense

Liberty Defense Holdings Ltd. is a security technology company focused on developing and commercializing systems designed to detect concealed weapons and other threats. Its technology is intended to help protect public venues, transportation facilities, schools, government buildings, critical infrastructure and other high-traffic environments. The company’s primary product is HEXWAVE, an artificial-intelligence-enabled, three-dimensional radar screening system designed to identify concealed weapons and other objects without requiring individuals to pass through a traditional metal detector.