Actelis Networks (NASDAQ:ASNS) Issues Earnings Results

Actelis Networks (NASDAQ:ASNS) released its earnings results on Monday. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.24), Zacks reports. The company had revenue of $3.00 million for the quarter, compared to analyst estimates of $3.00 million. Actelis Networks had a negative net margin of 56.82% and a negative return on equity of 752.62%.

Actelis Networks Stock Down 5.7 %

NASDAQ:ASNS traded down $0.06 during mid-day trading on Tuesday, reaching $0.97. 178,621 shares of the company were exchanged, compared to its average volume of 1,790,827. Actelis Networks has a 12 month low of $0.36 and a 12 month high of $4.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.42. The firm’s fifty day moving average is $1.14. The stock has a market capitalization of $6.07 million, a PE ratio of -0.78 and a beta of 2.00.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research assumed coverage on shares of Actelis Networks in a research note on Monday, December 23rd. They set a “buy” rating and a $5.00 price target for the company.

Actelis Networks Company Profile

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.