Defence (LON:ALRT) Shares Down 4.4% – Here’s Why

Defence Holdings (LON:ALRT) was down 4.4% on Wednesday . The stock traded as low as GBX 1.15 and last traded at GBX 1.20. Approximately 16,668,373 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 20,131,527 shares. The stock had previously closed at GBX 1.25.

Defence Stock Performance

The company has a market cap of £29.34 million and a P/E ratio of -1.85. The company has a fifty day moving average price of GBX 1.23 and a two-hundred day moving average price of GBX 1.75.

About Defence

Headquartered in London, Defence Holdings PLC is a publicly listed company trading under the stock ticker (ALRT) dedicated to delivering high-performance defence and security solutions for the UK and European markets. Leveraging deep capital-markets expertise and a network of technology partners, the Company intends to develop and acquire advanced sensors, AI-driven analytics, secure communications and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.