Actelis Networks’ (ASNS) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Actelis Networks (NASDAQ:ASNS) in a research note released on Friday morning,Weiss Ratings reports.

Several other brokerages also recently weighed in on ASNS. Wall Street Zen downgraded shares of Actelis Networks to a “strong sell” rating in a research report on Saturday, October 11th. Zacks Research downgraded shares of Actelis Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, Actelis Networks has a consensus rating of “Reduce” and an average target price of $5.00.

Actelis Networks Trading Up 3.5%

Actelis Networks stock opened at $0.53 on Friday. The company has a market cap of $6.61 million, a P/E ratio of -0.68 and a beta of 1.86. The firm’s 50-day moving average is $0.47 and its 200-day moving average is $0.58. Actelis Networks has a 1 year low of $0.33 and a 1 year high of $1.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.54 and a current ratio of 1.14.

Actelis Networks (NASDAQ:ASNS) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The firm had revenue of $0.94 million during the quarter, compared to the consensus estimate of $1.00 million. Actelis Networks had a negative net margin of 115.31% and a negative return on equity of 264.19%. On average, equities analysts expect that Actelis Networks will post -0.53 earnings per share for the current year.

About Actelis Networks

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.