DEFSEC Technologies (NASDAQ:DFSC) Shares Down 4.2% – What’s Next?

DEFSEC Technologies Inc. (NASDAQ:DFSC) was down 4.2% during mid-day trading on Friday . The company traded as low as $1.97 and last traded at $2.05. Approximately 34,531 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 306,138 shares. The stock had previously closed at $2.14.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

DEFSEC Technologies Price Performance

The company has a market capitalization of $2.93 million, a PE ratio of -0.21 and a beta of 2.28. The stock’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.85.

DEFSEC Technologies (NASDAQ:DFSC) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($1.00) EPS for the quarter. The business had revenue of $0.94 million during the quarter. DEFSEC Technologies had a negative net margin of 154.40% and a negative return on equity of 125.96%.

Hedge Funds Weigh In On DEFSEC Technologies

A hedge fund recently bought a new stake in DEFSEC Technologies stock. Armistice Capital LLC purchased a new position in DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned approximately 11.05% of DEFSEC Technologies as of its most recent SEC filing. Hedge funds and other institutional investors 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. 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.