Stratos Wealth Partners LTD. Sells 8,384 Shares of Genasys Inc. (NASDAQ:GNSS)

Stratos Wealth Partners LTD. decreased its position in Genasys Inc. (NASDAQ:GNSS) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 109,393 shares of the company’s stock after selling 8,384 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Genasys were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GNSS. AWM Investment Company Inc. grew its holdings in shares of Genasys by 32.2% in the 3rd quarter. AWM Investment Company Inc. now owns 5,749,544 shares of the company’s stock worth $11,557,000 after purchasing an additional 1,400,000 shares during the last quarter. Pacific Ridge Capital Partners LLC bought a new stake in shares of Genasys in the 3rd quarter worth about $2,034,000. Herald Investment Management Ltd bought a new stake in shares of Genasys in the 3rd quarter worth about $1,508,000. B. Riley Asset Management LLC bought a new stake in shares of Genasys in the 3rd quarter worth about $651,000. Finally, Mak Capital One LLC grew its holdings in shares of Genasys by 19.1% in the 3rd quarter. Mak Capital One LLC now owns 628,809 shares of the company’s stock worth $1,264,000 after purchasing an additional 100,821 shares during the last quarter. Institutional investors own 40.04% of the company’s stock.

Genasys Stock Down 2.9 %

Shares of NASDAQ GNSS opened at $2.04 on Wednesday. The firm’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $1.85. The company has a market cap of $89.82 million, a price-to-earnings ratio of -3.71 and a beta of 0.48. Genasys Inc. has a 12-month low of $1.51 and a 12-month high of $3.92.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $4.36 million for the quarter, compared to analyst estimates of $7.88 million. Genasys had a negative return on equity of 35.02% and a negative net margin of 53.32%. On average, equities analysts expect that Genasys Inc. will post -0.28 earnings per share for the current year.

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.