Actelis Networks (NASDAQ:ASNS) Rating Lowered to “Strong Sell” at Wall Street Zen

Actelis Networks (NASDAQ:ASNS) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Actelis Networks Stock Down 18.6%

Shares of NASDAQ:ASNS opened at $0.32 on Friday. Actelis Networks has a 52-week low of $0.17 and a 52-week high of $12.90. The stock has a market cap of $2.81 million, a P/E ratio of -0.04 and a beta of 2.24. The business has a fifty day moving average of $0.38 and a two-hundred day moving average of $2.67. The company has a quick ratio of 0.93, a current ratio of 1.70 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASNS. Boothbay Fund Management LLC acquired a new stake in Actelis Networks during the fourth quarter worth $79,000. HRT Financial LP acquired a new position in shares of Actelis Networks in the 4th quarter valued at $43,000. Armistice Capital LLC purchased a new position in shares of Actelis Networks during the 3rd quarter worth $333,000. Finally, Virtu Financial LLC grew its holdings in shares of 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 purchasing an additional 50,546 shares during the period. 12.43% of the stock is currently owned by hedge funds and other institutional investors.

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.