Genasys (NASDAQ:GNSS – Get Free Report) posted its earnings results on Tuesday. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07, Zacks reports. Genasys had a negative net margin of 132.16% and a negative return on equity of 104.49%.
Genasys Trading Down 0.3 %
Shares of Genasys stock traded down $0.01 on Tuesday, reaching $2.91. The company had a trading volume of 267,231 shares, compared to its average volume of 143,067. The firm’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.21. Genasys has a 1 year low of $1.65 and a 1 year high of $4.04. The firm has a market cap of $130.75 million, a price-to-earnings ratio of -4.04 and a beta of 0.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.34.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets raised their price objective on Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research report on Monday, December 16th.
Insider Transactions at Genasys
In other Genasys news, Director William H. Dodd bought 16,327 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the transaction, the director now owns 59,159 shares in the company, valued at $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.40% of the company’s stock.
Genasys Company Profile
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.
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