Actelis Networks (NASDAQ:ASNS) Earns “Buy” Rating from Litchfield Hills Research

Actelis Networks (NASDAQ:ASNS)‘s stock had its “buy” rating reissued by analysts at Litchfield Hills Research in a report released on Monday,Benzinga reports. They currently have a $3.00 price objective on the stock.

Several other equities analysts have also weighed in on ASNS. Wall Street Zen lowered shares of Actelis Networks to a “strong sell” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.00.

Actelis Networks Stock Performance

Shares of NASDAQ ASNS traded up $0.01 during trading on Monday, reaching $0.37. 1,345,204 shares of the company traded hands, compared to its average volume of 30,505,248. The stock has a market cap of $3.28 million, a P/E ratio of -0.04 and a beta of 2.23. The firm’s fifty day simple moving average is $0.35 and its 200 day simple moving average is $2.26. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.03. Actelis Networks has a 12-month low of $0.17 and a 12-month high of $8.60.

Institutional Investors Weigh In On Actelis Networks

Institutional investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC bought a new position in shares of Actelis Networks during the 4th quarter valued at about $79,000. HRT Financial LP acquired a new stake in shares of Actelis Networks during the 4th quarter worth approximately $43,000. Armistice Capital LLC bought a new stake in shares of Actelis Networks during the third quarter worth $333,000. Finally, Virtu Financial LLC lifted its holdings in Actelis Networks by 267.5% during the 3rd quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock worth $26,000 after buying an additional 50,546 shares in the last quarter. Institutional investors and hedge funds own 12.43% of the company’s stock.

About Actelis Networks

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.