Actelis Networks (NASDAQ:ASNS) Announces Earnings Results

Actelis Networks (NASDAQ:ASNS) posted its quarterly earnings results 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. Actelis Networks had a negative return on equity of 752.62% and a negative net margin of 56.82%. The company had revenue of $3.00 million for the quarter, compared to analyst estimates of $3.00 million.

Actelis Networks Stock Performance

Shares of ASNS stock opened at $1.00 on Wednesday. Actelis Networks has a 52-week low of $0.36 and a 52-week high of $4.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.42. The company has a market cap of $6.25 million, a PE ratio of -0.80 and a beta of 2.00. The firm has a 50-day moving average price of $1.14.

Analyst Upgrades and Downgrades

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

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.