Actelis Networks Stock Scheduled to Reverse Split on Tuesday, November 18th (NASDAQ:ASNS)

Actelis Networks, Inc. (NASDAQ:ASNS) shares are going to reverse split on Tuesday, November 18th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 17th.

Actelis Networks Stock Down 8.6%

NASDAQ ASNS traded down $0.04 on Friday, hitting $0.39. The company had a trading volume of 1,839,452 shares, compared to its average volume of 3,827,805. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 0.54. The company’s fifty day moving average price is $0.49 and its 200-day moving average price is $0.56. Actelis Networks has a 12-month low of $0.33 and a 12-month high of $1.78.

Actelis Networks (NASDAQ:ASNS) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $0.64 million for the quarter. Actelis Networks had a negative net margin of 115.31% and a negative return on equity of 264.19%. As a group, analysts anticipate that Actelis Networks will post -0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASNS has been the topic of a number of research analyst reports. Zacks Research lowered Actelis Networks from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Actelis Networks in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Actelis Networks to a “strong sell” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $5.00.

Institutional Trading of Actelis Networks

A hedge fund recently raised its stake in Actelis Networks stock. Virtu Financial LLC boosted its stake in shares of Actelis Networks, Inc. (NASDAQ:ASNS) by 267.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,441 shares of the company’s stock after buying an additional 50,546 shares during the quarter. Virtu Financial LLC owned 0.55% of Actelis Networks worth $26,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.43% of the company’s stock.

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.