Genasys (NASDAQ:GNSS) Upgraded by Wall Street Zen to Hold Rating

Genasys (NASDAQ:GNSS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

Separately, Ascendiant Capital Markets cut their price target on shares of Genasys from $6.00 to $5.50 and set a "buy" rating on the stock in a report on Friday, June 6th.

Genasys Stock Down 1.5%

GNSS stock traded down $0.03 during midday trading on Friday, reaching $1.98. The company had a trading volume of 92,862 shares, compared to its average volume of 128,269. Genasys has a 1 year low of $1.46 and a 1 year high of $4.04. The company has a current ratio of 1.04, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $89.40 million, a P/E ratio of -3.09 and a beta of 0.55. The company has a 50 day moving average of $1.71 and a two-hundred day moving average of $2.26.

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 analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $6.93 million for the quarter, compared to the consensus estimate of $8.05 million. Genasys had a negative net margin of 101.82% and a negative return on equity of 166.96%. On average, equities research analysts expect that Genasys will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GNSS. Boothbay Fund Management LLC bought a new position in shares of Genasys during the 4th quarter valued at $31,000. OMERS ADMINISTRATION Corp acquired a new position in Genasys in the 4th quarter valued at $42,000. XTX Topco Ltd acquired a new position in Genasys in the 4th quarter valued at $66,000. Integrated Wealth Concepts LLC grew its stake in Genasys by 36.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company's stock valued at $70,000 after buying an additional 7,250 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Genasys in the 4th quarter valued at $71,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.