Actelis Networks’ (ASNS) “Buy” Rating Reaffirmed at Litchfield Hills Research

Litchfield Hills Research reaffirmed their buy rating on shares of Actelis Networks (NASDAQ:ASNS) in a research report released on Monday,Benzinga reports. The brokerage currently has a $3.00 price target on the stock.

ASNS has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Actelis Networks in a report on Wednesday, January 21st. Wall Street Zen lowered Actelis Networks to a “strong sell” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $3.00.

Actelis Networks Trading Down 2.3%

Shares of NASDAQ:ASNS opened at $0.35 on Monday. The firm has a market cap of $9.38 million, a price-to-earnings ratio of -0.04 and a beta of 2.24. Actelis Networks has a 12 month low of $0.17 and a 12 month high of $8.60. The company’s fifty day simple moving average is $0.35 and its 200 day simple moving average is $2.24. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Actelis Networks

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC increased its position in 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 buying an additional 50,546 shares during the last quarter. HRT Financial LP acquired a new stake in shares of Actelis Networks in the fourth quarter valued at approximately $43,000. Boothbay Fund Management LLC bought a new position in shares of Actelis Networks during the 4th quarter worth approximately $79,000. Finally, Armistice Capital LLC bought a new position in shares of Actelis Networks during the 3rd quarter worth approximately $333,000. 12.43% of the stock is currently owned by institutional investors and hedge funds.

Actelis Networks Company Profile

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.