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

Genasys (NASDAQ:GNSS) posted its quarterly earnings data on Tuesday. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates 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 Price Performance

Genasys stock opened at $2.91 on Wednesday. The business’s 50 day simple moving average is $2.92 and its 200 day simple moving average is $3.21. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. Genasys has a 12 month low of $1.65 and a 12 month high of $4.04. The company has a market cap of $130.75 million, a price-to-earnings ratio of -4.04 and a beta of 0.62.

Insider Buying and Selling at Genasys

In other news, Director William H. Dodd purchased 16,327 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $2.65 per share, with a total value of $43,266.55. Following the completion of the acquisition, the director now owns 59,159 shares in the company, valued at $156,771.35. This trade represents a 38.12 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.