DEFSEC Technologies (NASDAQ:DFSC) Stock Price Down 6.1% – What’s Next?

Shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) dropped 6.1% during mid-day trading on Thursday . The stock traded as low as $1.51 and last traded at $1.55. Approximately 45,179 shares changed hands during trading, a decline of 51% from the average session volume of 92,669 shares. The stock had previously closed at $1.65.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded DEFSEC Technologies to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, DEFSEC Technologies has an average rating of “Sell”.

DEFSEC Technologies Price Performance

The stock has a market cap of $3.01 million, a price-to-earnings ratio of -0.24 and a beta of 2.72. The company’s 50 day moving average is $3.06 and its 200 day moving average is $2.58.

DEFSEC Technologies (NASDAQ:DFSC) last issued its earnings results on Thursday, May 14th. The company reported ($0.73) earnings per share (EPS) for the quarter. The company had revenue of $1.52 million during the quarter. DEFSEC Technologies had a negative net margin of 141.81% and a negative return on equity of 143.21%.

Institutional Trading of DEFSEC Technologies

An institutional investor recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC purchased a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 21.39% of the company’s stock.

DEFSEC Technologies Company Profile

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.