Actelis Networks (NASDAQ:ASNS) Releases Quarterly Earnings Results

Actelis Networks (NASDAQ:ASNS) issued 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

ASNS stock traded down $0.05 during midday trading on Tuesday, reaching $0.98. The company had a trading volume of 196,985 shares, compared to its average volume of 1,790,827. The company’s 50 day simple moving average is $1.14. Actelis Networks has a 1-year low of $0.36 and a 1-year high of $4.60. 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 stock has a market capitalization of $6.13 million, a P/E ratio of -0.78 and a beta of 2.00.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research started coverage on shares of Actelis Networks in a report on Monday, December 23rd. They issued a “buy” rating and a $5.00 price target on the stock.

Actelis Networks Company Profile

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.