Genasys (NASDAQ:GNSS) Posts Earnings Results, Beats Expectations By $0.07 EPS

Genasys (NASDAQ:GNSS) released its quarterly earnings data on Tuesday. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07, Zacks reports. Genasys had a negative net margin of 132.16% and a negative return on equity of 104.49%.

Genasys Stock Performance

Shares of GNSS stock traded down $0.01 during mid-day trading on Tuesday, reaching $2.91. 267,231 shares of the company’s stock traded hands, compared to its average volume of 143,067. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 1.86. The firm has a market capitalization of $130.75 million, a PE ratio of -4.04 and a beta of 0.62. Genasys has a 12 month low of $1.65 and a 12 month high of $4.04. The firm has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $3.21.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets boosted their target price on shares of Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research note on Monday, December 16th.

Insider Activity at Genasys

In related news, Director William H. Dodd acquired 16,327 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now directly owns 59,159 shares in the company, valued at approximately $156,771.35. This represents a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.40% of the stock is owned by company insiders.

Genasys Company Profile

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.