Actelis Networks (NASDAQ:ASNS) Posts Earnings Results, Misses Expectations By $0.24 EPS

Actelis Networks (NASDAQ:ASNS) announced its quarterly earnings data on Monday. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.24), Zacks reports. The company had revenue of $3.00 million during the quarter, compared to the consensus estimate of $3.00 million. Actelis Networks had a negative net margin of 56.82% and a negative return on equity of 752.62%.

Actelis Networks Price Performance

NASDAQ ASNS traded down $0.05 on Tuesday, hitting $0.98. 196,985 shares of the stock were exchanged, compared to its average volume of 1,790,827. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96. The business has a fifty day simple moving average of $1.14. The stock has a market capitalization of $6.13 million, a P/E ratio of -0.78 and a beta of 2.00. Actelis Networks has a 52 week low of $0.36 and a 52 week high of $4.60.

Analysts Set New Price Targets

Separately, Litchfield Hills Research began coverage on Actelis Networks in a research note on Monday, December 23rd. They issued a “buy” rating and a $5.00 price target for the company.

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.