Genasys (NASDAQ:GNSS) Rating Lowered to Sell at Wall Street Zen

Wall Street Zen cut shares of Genasys (NASDAQ:GNSS - Free Report) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Genasys Price Performance

Shares of GNSS traded up $0.02 during midday trading on Thursday, hitting $1.68. 32,749 shares of the company traded hands, compared to its average volume of 147,323. The firm has a 50 day moving average of $2.04 and a 200-day moving average of $2.68. Genasys has a 52 week low of $1.59 and a 52 week high of $4.04. The stock has a market cap of $75.63 million, a price-to-earnings ratio of -2.54 and a beta of 0.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.97 and a current ratio of 1.33.

Genasys (NASDAQ:GNSS - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $6.93 million for the quarter, compared to analysts' expectations of $8.05 million. Genasys had a negative net margin of 109.39% and a negative return on equity of 122.99%. On average, analysts forecast that Genasys will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Genasys

Several institutional investors have recently bought and sold shares of the business. Aristides Capital LLC increased its holdings in shares of Genasys by 4.2% in the 4th quarter. Aristides Capital LLC now owns 115,619 shares of the company's stock worth $301,000 after buying an additional 4,654 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Genasys by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 170,234 shares of the company's stock worth $443,000 after acquiring an additional 5,830 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Genasys by 36.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company's stock worth $70,000 after acquiring an additional 7,250 shares during the last quarter. Northern Trust Corp increased its stake in Genasys by 11.6% during the fourth quarter. Northern Trust Corp now owns 91,588 shares of the company's stock worth $238,000 after acquiring an additional 9,504 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Genasys by 2.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 477,883 shares of the company's stock valued at $1,242,000 after purchasing an additional 10,000 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.