Guardforce AI (NASDAQ:GFAI) Issues Quarterly Earnings Results

Guardforce AI (NASDAQ:GFAI – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.05) EPS for the quarter, FiscalAI reports. The business had revenue of $9.14 million for the quarter.

Guardforce AI Stock Performance

GFAI opened at $0.32 on Friday. The company has a 50-day moving average of $0.35 and a 200-day moving average of $0.43. Guardforce AI has a 1-year low of $0.31 and a 1-year high of $1.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.32 and a quick ratio of 5.31.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently raised its position in Guardforce AI stock. Renaissance Technologies LLC raised its position in shares of Guardforce AI Co., Limited (NASDAQ:GFAI – Free Report) by 13.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,200 shares of the company’s stock after buying an additional 47,500 shares during the quarter. Renaissance Technologies LLC owned about 1.62% of Guardforce AI worth $177,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Guardforce AI in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Guardforce AI currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Guardforce AI

Guardforce AI Company Profile

(Get Free Report)

Guardforce AI Co, Limited (NASDAQ:GFAI) is a technology and security services company focused on combining traditional security operations with artificial intelligence and robotics. Its activities include security services and technology-enabled solutions designed for commercial, institutional and other business customers.

The company has offered services such as manned guarding, cash-in-transit operations, alarm monitoring, electronic security systems and security consulting. It has also developed and marketed robotic solutions for applications including delivery, reception, disinfection, education, retail and care-related environments.

Guardforce AI has historical roots in the Asian security-services industry and has expanded its business toward AI and robotics.

Further Reading

Receive News & Ratings for Guardforce AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guardforce AI and related companies with MarketBeat.com's FREE daily email newsletter.