DEFSEC Technologies (NASDAQ:DFSC) Shares Down 9.6% – Here’s Why

DEFSEC Technologies Inc. (NASDAQ:DFSC)’s share price was down 9.6% during mid-day trading on Wednesday . The company traded as low as $3.69 and last traded at $3.8130. Approximately 74,228 shares traded hands during trading, a decline of 27% from the average daily volume of 101,913 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

DEFSEC Technologies Trading Down 9.4%

The firm has a market cap of $5.53 million, a PE ratio of -0.61 and a beta of 2.65. The stock has a 50 day simple moving average of $3.10 and a 200-day simple moving average of $2.62.

DEFSEC Technologies (NASDAQ:DFSC) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. DEFSEC Technologies had a negative return on equity of 143.21% and a negative net margin of 141.81%.The business had revenue of $1.54 million during the quarter.

Hedge Funds Weigh In On DEFSEC Technologies

An institutional investor recently bought a new position in DEFSEC Technologies stock. Warberg Asset Management LLC bought a new position in DEFSEC Technologies Inc. (NASDAQ:DFSC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned approximately 2.07% of DEFSEC Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 21.39% of the company’s stock.

DEFSEC Technologies Company Profile

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.