Actelis Networks (NASDAQ:ASNS) Issues Earnings Results

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

Actelis Networks Stock Down 5.7 %

Shares of NASDAQ:ASNS traded down $0.06 during midday trading on Tuesday, reaching $0.97. 178,621 shares of the company were exchanged, compared to its average volume of 1,790,827. The firm has a market cap of $6.07 million, a price-to-earnings ratio of -0.78 and a beta of 2.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.42. Actelis Networks has a fifty-two week low of $0.36 and a fifty-two week high of $4.60. The stock’s fifty day moving average price is $1.14.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research initiated coverage on Actelis Networks in a research report on Monday, December 23rd. They issued a “buy” rating and a $5.00 price objective 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.