DEFSEC Technologies (NASDAQ:DFSC) Releases Earnings Results

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

DEFSEC Technologies Stock Down 3.9%

DFSC traded down $0.05 on Wednesday, reaching $1.24. The company’s stock had a trading volume of 111,450 shares, compared to its average volume of 122,182. The company has a market capitalization of $2.47 million, a price-to-earnings ratio of -0.19 and a beta of 2.76. DEFSEC Technologies has a fifty-two week low of $1.16 and a fifty-two week high of $6.00. The stock has a 50 day moving average of $2.36 and a two-hundred day moving average of $2.51.

Analyst Upgrades and Downgrades

DFSC has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Friday, July 17th. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of DEFSEC Technologies

An institutional investor recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in DEFSEC Technologies Inc. (NASDAQ:DFSC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies at the end of the most recent reporting period. Hedge funds and other 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.