Actelis Networks (NASDAQ:ASNS) Issues Earnings Results, Misses Estimates By $0.24 EPS

Actelis Networks (NASDAQ:ASNS) issued its quarterly earnings data on Monday. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.24), Zacks reports. The company had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.00 million. Actelis Networks had a negative return on equity of 752.62% and a negative net margin of 56.82%.

Actelis Networks Stock Performance

Shares of NASDAQ:ASNS traded down $0.04 during trading hours on Tuesday, hitting $1.00. The stock had a trading volume of 191,995 shares, compared to its average volume of 1,790,827. The firm has a fifty day moving average price of $1.14. The firm has a market capitalization of $6.22 million, a price-to-earnings ratio of -0.79 and a beta of 2.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96. Actelis Networks has a 1-year low of $0.36 and a 1-year high of $4.60.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research began coverage on shares of Actelis Networks in a report on Monday, December 23rd. They set a “buy” rating and a $5.00 price target for the company.

Actelis Networks Company Profile

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.