Guardforce AI (NASDAQ:GFAI) Announces Quarterly Earnings Results

Guardforce AI (NASDAQ:GFAI) posted its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $9.14 million for the quarter.

Guardforce AI Price Performance

Guardforce AI stock opened at $0.34 on Thursday. Guardforce AI has a one year low of $0.31 and a one year high of $1.30. The company has a quick ratio of 5.31, a current ratio of 5.32 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average price of $0.36 and a 200-day moving average price of $0.43.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Guardforce AI in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Guardforce AI stock. Renaissance Technologies LLC lifted its position in Guardforce AI Co., Limited (NASDAQ:GFAI) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,200 shares of the company’s stock after buying an additional 47,500 shares during the quarter. Renaissance Technologies LLC owned approximately 1.62% of Guardforce AI worth $177,000 at the end of the most recent quarter. Institutional investors own 2.04% of the company’s stock.

Guardforce AI Company Profile

Guardforce AI Co, Limited (NASDAQ:GFAI) is a technology and security services company focused on combining traditional security operations with artificial intelligence and robotics. Its activities include security services and technology-enabled solutions designed for commercial, institutional and other business customers.

The company has offered services such as manned guarding, cash-in-transit operations, alarm monitoring, electronic security systems and security consulting. It has also developed and marketed robotic solutions for applications including delivery, reception, disinfection, education, retail and care-related environments.

Guardforce AI has historical roots in the Asian security-services industry and has expanded its business toward AI and robotics.