DEFSEC Technologies (NASDAQ:DFSC) Posts Earnings Results

DEFSEC Technologies (NASDAQ:DFSC) posted its quarterly 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 Stock Performance

Shares of NASDAQ DFSC traded down $0.11 during trading hours on Wednesday, hitting $4.84. 134,483 shares of the stock were exchanged, compared to its average volume of 152,159. The company’s fifty day simple moving average is $2.48 and its two-hundred day simple moving average is $2.57. DEFSEC Technologies has a 1-year low of $1.62 and a 1-year high of $15.37. The company has a market cap of $6.92 million, a PE ratio of -0.49 and a beta of 2.47.

Institutional Investors Weigh In On DEFSEC Technologies

An institutional investor recently bought a new position 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 Form 13F filing with the SEC. The institutional investor acquired 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. 21.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, DEFSEC Technologies presently has a consensus rating of “Sell”.

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.