DEFSEC Technologies (NASDAQ:DFSC) Announces Quarterly Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) released its earnings results on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. DEFSEC Technologies had a negative return on equity of 125.96% and a negative net margin of 154.40%.

DEFSEC Technologies Price Performance

DFSC stock traded down $0.11 during trading hours on Wednesday, reaching $4.84. 134,483 shares of the stock were exchanged, compared to its average volume of 152,159. The company has a market cap of $6.92 million, a price-to-earnings ratio of -0.49 and a beta of 2.47. DEFSEC Technologies has a 12 month low of $1.62 and a 12 month high of $15.37. The firm’s 50-day moving average is $2.48 and its 200-day moving average is $2.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC acquired a new stake in DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned approximately 11.05% of DEFSEC Technologies at the end of the most recent reporting period. 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.