DEFSEC Technologies Inc. (NASDAQ:DFSC – Get Free Report)’s share price rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $1.82 and last traded at $1.80. Approximately 37,031 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 60,457 shares. The stock had previously closed at $1.79.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DEFSEC Technologies currently has an average rating of “Sell”.
View Our Latest Report on DFSC
DEFSEC Technologies Trading Up 0.6%
Institutional Trading of DEFSEC Technologies
A hedge fund recently bought a new stake in DEFSEC Technologies stock. Warberg Asset Management LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned approximately 2.07% of DEFSEC Technologies at the end of the most recent quarter. Institutional investors own 21.39% of the company’s stock.
DEFSEC Technologies Company Profile
DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.
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