DEFSEC Technologies (NASDAQ:DFSC) Shares Up 0.3% – Should You Buy?

DEFSEC Technologies Inc. (NASDAQ:DFSC) rose 0.3% during trading on Tuesday . The company traded as high as $3.61 and last traded at $3.55. Approximately 17,522 shares changed hands during trading, a decline of 66% from the average daily volume of 51,693 shares. The stock had previously closed at $3.54.

Analyst Upgrades and Downgrades

DFSC has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Wednesday, October 8th. Wall Street Zen cut DEFSEC Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

DEFSEC Technologies Stock Up 0.3%

The firm has a market cap of $5.08 million, a price-to-earnings ratio of -0.15 and a beta of 2.26. The company has a fifty day moving average of $3.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Warberg Asset Management LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned approximately 2.07% of DEFSEC Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 21.39% of the company’s stock.

About DEFSEC Technologies

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.