Genasys (NASDAQ:GNSS) Issues Quarterly Earnings Results

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

Genasys Trading Down 0.3 %

NASDAQ GNSS opened at $2.91 on Wednesday. Genasys has a 12 month low of $1.65 and a 12 month high of $4.04. The stock has a 50-day simple moving average of $2.92 and a 200 day simple moving average of $3.21. The company has a market capitalization of $130.75 million, a PE ratio of -4.04 and a beta of 0.62. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

Insiders Place Their Bets

In other news, Director William H. Dodd acquired 16,327 shares of Genasys stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $2.65 per share, with a total value of $43,266.55. Following the completion of the transaction, the director now directly owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. This represents a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

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

About Genasys

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.