Wall Street Zen Downgrades Actelis Networks (NASDAQ:ASNS) to Strong Sell

Actelis Networks (NASDAQ:ASNS) was downgraded by equities research analysts at Wall Street Zen to a “strong sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Actelis Networks in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Actelis Networks Stock Performance

Shares of NASDAQ ASNS opened at $0.32 on Friday. The firm has a market capitalization of $2.81 million, a price-to-earnings ratio of -0.04 and a beta of 2.23. Actelis Networks has a one year low of $0.17 and a one year high of $12.90. The business has a fifty day simple moving average of $0.38 and a 200 day simple moving average of $2.70. The company has a current ratio of 1.70, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC increased its holdings in Actelis Networks by 267.5% in the third quarter. Virtu Financial LLC now owns 69,441 shares of the company’s stock valued at $26,000 after purchasing an additional 50,546 shares during the last quarter. HRT Financial LP bought a new position in Actelis Networks during the fourth quarter worth about $43,000. Boothbay Fund Management LLC acquired a new position in shares of Actelis Networks during the 4th quarter worth about $79,000. Finally, Armistice Capital LLC acquired a new position in shares of Actelis Networks during the 3rd quarter worth about $333,000. Institutional investors and hedge funds own 12.43% of the company’s stock.

About Actelis Networks

Actelis Networks is a technology company that specializes in delivering high-performance Ethernet access solutions over existing copper and fiber infrastructure. Headquartered in Santa Clara, California, the company designs and manufactures hardware and management software that extend bandwidth capabilities without the need for full fiber deployment. Its solutions are used to bring reliable, carrier-grade connectivity to locations where installing new fiber lines would be cost-prohibitive or logistically challenging.

The company’s product portfolio centers on its MDX series of Ethernet extenders and switches.