Actelis Networks (NASDAQ:ASNS) Earns Buy Rating from Analysts at Litchfield Hills Research

Equities researchers at Litchfield Hills Research began coverage on shares of Actelis Networks (NASDAQ:ASNS) in a research note issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $5.00 price target on the stock. Litchfield Hills Research’s target price points to a potential upside of 367.29% from the stock’s current price.

Actelis Networks Stock Performance

ASNS stock opened at $1.07 on Monday. The business’s fifty day moving average price is $1.25. Actelis Networks has a fifty-two week low of $0.36 and a fifty-two week high of $4.60. The company has a market cap of $6.69 million, a P/E ratio of -0.86 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96.

About Actelis Networks

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.