Genasys (NASDAQ:GNSS) Announces Earnings Results

Genasys (NASDAQ:GNSS) issued its quarterly earnings data on Tuesday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07, Zacks reports. Genasys had a negative return on equity of 104.49% and a negative net margin of 132.16%.

Genasys Price Performance

NASDAQ GNSS traded down $0.01 during mid-day trading on Tuesday, hitting $2.91. The stock had a trading volume of 267,021 shares, compared to its average volume of 142,290. The firm’s 50 day moving average is $2.92 and its 200 day moving average is $3.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.34. The stock has a market capitalization of $130.75 million, a price-to-earnings ratio of -4.04 and a beta of 0.62. Genasys has a twelve month low of $1.65 and a twelve month high of $4.04.

Insider Transactions at Genasys

In other Genasys news, Director William H. Dodd acquired 16,327 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $2.65 per share, for a total transaction of $43,266.55. Following the acquisition, the director now owns 59,159 shares in the company, valued at approximately $156,771.35. The trade was a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets lifted their price target on shares of Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research note on Monday, December 16th.

Genasys Company Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.