DEFSEC Technologies (NASDAQ:DFSC) Trading Down 9.2% – Time to Sell?

DEFSEC Technologies Inc. (NASDAQ:DFSC) shares were down 9.2% during mid-day trading on Thursday . The stock traded as low as $2.16 and last traded at $2.27. Approximately 151,246 shares traded hands during trading, a decline of 52% from the average daily volume of 312,418 shares. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

DEFSEC Technologies Trading Up 2.6%

The company has a market cap of $3.33 million, a price-to-earnings ratio of -0.23 and a beta of 2.28. The stock has a 50 day moving average price of $1.97 and a two-hundred day moving average price of $2.94.

DEFSEC Technologies (NASDAQ:DFSC) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($1.00) earnings per share for the quarter. DEFSEC Technologies had a negative net margin of 154.40% and a negative return on equity of 125.96%. The business had revenue of $0.94 million during the quarter.

Institutional Trading of DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned 11.05% of DEFSEC Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 21.39% of the company’s stock.

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.