DEFSEC Technologies (NASDAQ:DFSC) Stock Price Up 0.6% – Time to Buy?

DEFSEC Technologies Inc. (NASDAQ:DFSC)’s stock price traded up 0.6% during mid-day trading on Wednesday . The company traded as high as $1.82 and last traded at $1.80. 37,031 shares traded hands during trading, a decline of 39% from the average session volume of 60,457 shares. The stock had previously closed at $1.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

DEFSEC Technologies Trading Up 0.6%

The firm’s 50-day moving average price is $3.45. The stock has a market cap of $2.57 million, a PE ratio of -0.08 and a beta of 2.26.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DEFSEC Technologies stock. Warberg Asset Management LLC acquired a new position in DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned 2.07% of DEFSEC Technologies as of its most recent filing with the Securities and Exchange Commission. 21.39% of the stock is owned by hedge funds and other institutional investors.

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. 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.