Genasys (NASDAQ:GNSS) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Genasys (NASDAQ:GNSS) issued its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07, Zacks reports. Genasys had a negative return on equity of 104.49% and a negative net margin of 132.16%.

Genasys Trading Up 21.3 %

GNSS stock opened at $3.53 on Thursday. Genasys has a 12 month low of $1.65 and a 12 month high of $4.04. The firm’s 50-day moving average is $2.90 and its 200 day moving average is $3.21. The company has a market capitalization of $158.60 million, a PE ratio of -4.90 and a beta of 0.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.34.

Insider Buying and Selling at Genasys

In other news, Director William H. Dodd bought 16,327 shares of the stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the acquisition, the director now owns 59,159 shares of the company’s stock, valued at $156,771.35. This represents a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets raised their target price on shares of Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a report on Monday, December 16th.

Genasys Company Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.