Actelis Networks (NASDAQ:ASNS) Rating Lowered to Strong Sell at Wall Street Zen

Actelis Networks (NASDAQ:ASNS) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Actelis Networks in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Actelis Networks Trading Down 18.6%

Shares of NASDAQ ASNS opened at $0.32 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.70 and a debt-to-equity ratio of 0.05. Actelis Networks has a 12 month low of $0.17 and a 12 month high of $12.90. The company has a market cap of $2.81 million, a price-to-earnings ratio of -0.04 and a beta of 2.23. The business has a fifty day simple moving average of $0.38 and a 200-day simple moving average of $2.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC boosted its holdings in Actelis Networks by 267.5% during the third quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock valued at $26,000 after acquiring an additional 50,546 shares during the period. Armistice Capital LLC bought a new stake in Actelis Networks in the 3rd quarter valued at $333,000. HRT Financial LP acquired a new stake in Actelis Networks in the 4th quarter worth $43,000. Finally, Boothbay Fund Management LLC acquired a new stake in Actelis Networks in the 4th quarter worth $79,000. Institutional investors and hedge funds own 12.43% of the company’s stock.

Actelis Networks Company Profile

Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.

The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.