Nukkleus (NASDAQ:DFNS) Issues Quarterly Earnings Results

Nukkleus (NASDAQ:DFNS) posted its quarterly earnings results on Wednesday. The company reported ($1.14) earnings per share for the quarter, Zacks reports.

Nukkleus Trading Up 0.8%

Shares of NASDAQ:DFNS opened at $0.37 on Thursday. The company has a market cap of $13.87 million, a price-to-earnings ratio of 0.02 and a beta of -5.98. The company has a 50-day moving average price of $0.69 and a 200-day moving average price of $2.80. Nukkleus has a 12 month low of $0.33 and a 12 month high of $26.21.

Wall Street Analyst Weigh In

Several research firms have weighed in on DFNS. Wall Street Zen downgraded shares of Nukkleus from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings reissued 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, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Nukkleus

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC bought a new position in shares of Nukkleus during the fourth quarter valued at about $120,000. Geode Capital Management LLC raised its stake in Nukkleus by 193.7% in the fourth 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 in the last quarter. Ausdal Financial Partners Inc. bought a new position in Nukkleus in the third quarter worth about $105,000. UBS Group AG raised its stake in Nukkleus by 23.3% in the third quarter. UBS Group AG now owns 80,512 shares of the company’s stock worth $564,000 after buying an additional 15,223 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Nukkleus in the fourth quarter worth about $60,000. 12.47% of the stock is owned by institutional investors.

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.