DEFSEC Technologies (NASDAQ:DFSC) Stock Price Down 9.2% – Should You Sell?

DEFSEC Technologies Inc. (NASDAQ:DFSC)’s share price fell 9.2% on Thursday . The stock traded as low as $2.16 and last traded at $2.27. 151,246 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 312,418 shares. The stock had previously closed at $2.50.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

DEFSEC Technologies Stock Down 9.2%

The company has a market capitalization of $3.25 million, a price-to-earnings ratio of -0.23 and a beta of 2.28. The stock has a 50 day simple moving average of $1.96 and a 200 day simple moving average of $2.95.

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

Hedge Funds Weigh In On DEFSEC Technologies

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