Stratos Wealth Partners LTD. Sells 20,686 Shares of Genasys Inc. (NASDAQ:GNSS)

Stratos Wealth Partners LTD. reduced its holdings in Genasys Inc. (NASDAQ:GNSS) by 59.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,864 shares of the company’s stock after selling 20,686 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Genasys were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GNSS. Boothbay Fund Management LLC bought a new position in Genasys in the 4th quarter worth $31,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Genasys in the 4th quarter worth about $42,000. XTX Topco Ltd purchased a new position in shares of Genasys in the 4th quarter worth approximately $66,000. Integrated Wealth Concepts LLC grew its stake in shares of Genasys by 36.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company’s stock valued at $70,000 after buying an additional 7,250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Genasys during the fourth quarter valued at $71,000. 40.04% of the stock is owned by institutional investors.

Genasys Trading Up 4.7%

Shares of GNSS stock opened at $2.01 on Friday. Genasys Inc. has a 1-year low of $1.46 and a 1-year high of $4.04. The firm’s 50-day simple moving average is $1.71 and its 200-day simple moving average is $2.27. The firm has a market cap of $90.75 million, a P/E ratio of -3.14 and a beta of 0.55. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.04 and a quick ratio of 0.65.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $6.93 million during the quarter, compared to the consensus estimate of $8.05 million. Genasys had a negative net margin of 101.82% and a negative return on equity of 166.96%. As a group, equities analysts forecast that Genasys Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Ascendiant Capital Markets dropped their target price on Genasys from $6.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, June 6th. Wall Street Zen downgraded shares of Genasys from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Genasys 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.