Actelis Networks (NASDAQ:ASNS) Upgraded at Zacks Research

Zacks Research upgraded shares of Actelis Networks (NASDAQ:ASNS) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on ASNS. Wall Street Zen lowered shares of Actelis Networks to a “strong sell” rating in a report on Saturday, March 7th. Litchfield Hills Research reissued a “buy” rating and issued a $3.00 price target on shares of Actelis Networks in a report on Monday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.00.

Actelis Networks Stock Down 0.8%

Actelis Networks stock opened at $0.36 on Tuesday. The company’s 50 day simple moving average is $0.34 and its 200 day simple moving average is $2.18. Actelis Networks has a fifty-two week low of $0.17 and a fifty-two week high of $8.60. The firm has a market capitalization of $9.51 million, a price-to-earnings ratio of -0.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 1.76.

Institutional Inflows and Outflows

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

About Actelis Networks

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.