Wall Street Zen upgraded shares of Genasys (NASDAQ:GNSS - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday.
Separately, Ascendiant Capital Markets cut their price target on Genasys from $6.00 to $5.50 and set a "buy" rating for the company in a research note on Friday, June 6th.
Get Our Latest Stock Analysis on GNSS
Genasys Stock Performance
NASDAQ:GNSS traded up $0.09 during mid-day trading on Friday, reaching $1.97. The company's stock had a trading volume of 46,791 shares, compared to its average volume of 128,331. Genasys has a 12-month low of $1.46 and a 12-month high of $4.04. The firm's fifty day moving average price is $1.71 and its two-hundred day moving average price is $2.26. 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 stock has a market cap of $88.73 million, a P/E ratio of -3.07 and a beta of 0.55.
Genasys (NASDAQ:GNSS - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The firm 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 analysts forecast that Genasys will post -0.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Boothbay Fund Management LLC purchased a new position in Genasys in the 4th quarter worth approximately $31,000. OMERS ADMINISTRATION Corp purchased a new position in Genasys in the 4th quarter worth approximately $42,000. XTX Topco Ltd purchased a new position in Genasys in the 4th quarter worth approximately $66,000. Integrated Wealth Concepts LLC lifted its holdings in Genasys by 36.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 27,031 shares of the company's stock worth $70,000 after purchasing an additional 7,250 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Genasys in the 4th quarter worth approximately $71,000. 40.04% of the stock is currently owned by institutional investors.
About Genasys
(
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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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