Defence (LON:ALRT) Shares Down 4.4% – Here’s Why

Defence Holdings (LON:ALRT) fell 4.4% during mid-day trading on Wednesday . The stock traded as low as GBX 1.15 and last traded at GBX 1.20. 16,668,373 shares changed hands during trading, a decline of 17% from the average session volume of 20,131,527 shares. The stock had previously closed at GBX 1.25.

Defence Stock Performance

The firm has a market cap of £29.56 million and a price-to-earnings ratio of -1.87. The company’s 50-day moving average is GBX 1.24 and its 200-day moving average is GBX 1.76.

Defence Company Profile

Headquartered in London, Defence Holdings PLC is a publicly listed company trading under the stock ticker (ALRT) dedicated to delivering high-performance defence and security solutions for the UK and European markets. Leveraging deep capital-markets expertise and a network of technology partners, the Company intends to develop and acquire advanced sensors, AI-driven analytics, secure communications and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.