Nukkleus (NASDAQ:DFNS) Downgraded by Wall Street Zen to “Sell”

Nukkleus (NASDAQ:DFNS) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Nukkleus in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Nukkleus Trading Up 12.4%

DFNS opened at $0.76 on Friday. The company’s 50 day moving average is $1.34 and its 200-day moving average is $4.10. Nukkleus has a 1-year low of $0.42 and a 1-year high of $26.21. The company has a market cap of $16.28 million, a P/E ratio of 0.05 and a beta of -5.95.

Institutional Investors Weigh In On Nukkleus

Several hedge funds have recently added to or reduced their stakes in DFNS. Geode Capital Management LLC boosted its position in Nukkleus by 193.7% during the 4th quarter. Geode Capital Management LLC now owns 124,714 shares of the company’s stock worth $503,000 after buying an additional 82,252 shares during the period. LPL Financial LLC acquired a new stake in Nukkleus during the 4th quarter worth approximately $120,000. Engineers Gate Manager LP acquired a new stake in Nukkleus during the 4th quarter worth approximately $96,000. UBS Group AG boosted its position in Nukkleus by 23.3% during the 3rd quarter. UBS Group AG now owns 80,512 shares of the company’s stock worth $564,000 after buying an additional 15,223 shares during the period. Finally, Ausdal Financial Partners Inc. acquired a new stake in Nukkleus during the 3rd quarter worth approximately $105,000. 12.47% of the stock is currently owned by institutional investors and hedge funds.

About Nukkleus

Nukkleus Inc, a financial technology company, provides blockchain-enabled technology solutions worldwide. It focuses on providing software and technology solutions for retail foreign exchange trading industry. The company provides transactions platform for dealing and risk management services. It also offers cross-border payment and transactions solutions and blockchain-enabled financial services solutions to institutional investors. In addition, the company provides software, technology, customer sales and marketing, and risk management technology hardware and software solutions.