Actelis Networks (NASDAQ:ASNS) Stock Rating Lowered by Wall Street Zen

Actelis Networks (NASDAQ:ASNS) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Actelis Networks in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Actelis Networks Price Performance

ASNS stock opened at $0.52 on Friday. The stock has a 50-day moving average price of $0.48 and a two-hundred day moving average price of $0.59. Actelis Networks has a 12-month low of $0.33 and a 12-month high of $1.78. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.46 million, a PE ratio of -0.66 and a beta of 1.86.

Actelis Networks (NASDAQ:ASNS) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). Actelis Networks had a negative net margin of 115.31% and a negative return on equity of 264.19%. The firm had revenue of $0.94 million for the quarter, compared to analysts’ expectations of $1.00 million. As a group, research analysts predict that Actelis Networks will post -0.53 EPS for the current year.

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.