Genasys (NASDAQ:GNSS) Shares Down 0.3% – Time to Sell?

Genasys Inc. (NASDAQ:GNSS)’s share price dropped 0.3% during mid-day trading on Friday . The stock traded as low as $3.78 and last traded at $3.78. Approximately 47,939 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 91,121 shares. The stock had previously closed at $3.79.

Wall Street Analyst Weigh In

Several brokerages recently commented on GNSS. Northland Securities lifted their target price on shares of Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Roth Mkm upped their price objective on shares of Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Ascendiant Capital Markets raised their target price on Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a research note on Monday, August 19th.

Genasys Price Performance

The company has a market cap of $168.60 million, a PE ratio of -5.18 and a beta of 0.52. The business has a 50 day moving average of $3.73 and a 200 day moving average of $2.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98.

Institutional Investors Weigh In On Genasys

A number of large investors have recently modified their holdings of GNSS. Barclays PLC bought a new position in Genasys in the third quarter worth about $70,000. BOKF NA raised its position in shares of Genasys by 103.4% in the 2nd quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after acquiring an additional 87,550 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of Genasys by 57.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock valued at $403,000 after purchasing an additional 69,750 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Genasys during the second quarter valued at approximately $875,000. Finally, Sequoia Financial Advisors LLC grew its stake in Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after purchasing an additional 87,883 shares during the period. Institutional investors own 40.04% of the company’s stock.

About Genasys

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.