Genasys (NASDAQ:GNSS) Shares Down 0.3% - What's Next?

Genasys Inc. (NASDAQ:GNSS - Get Free Report) traded down 0.3% during trading on Friday . The company traded as low as $3.78 and last traded at $3.78. 47,939 shares were traded during mid-day trading, a decline of 47% from the average session volume of 91,121 shares. The stock had previously closed at $3.79.

Analysts Set New Price Targets

GNSS has been the topic of several analyst reports. Northland Securities upped their target price on Genasys from $4.50 to $6.00 and gave the company an "outperform" rating in a report on Thursday, September 12th. Ascendiant Capital Markets lifted their price target on shares of Genasys from $4.25 to $4.75 and gave the company a "buy" rating in a research note on Monday, August 19th. Finally, Roth Mkm increased their price target on Genasys from $3.50 to $4.50 and gave the stock a "buy" rating in a report on Thursday, September 19th.

Genasys Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98. The firm's fifty day moving average is $3.73 and its two-hundred day moving average is $2.90. The firm has a market capitalization of $168.59 million, a PE ratio of -5.18 and a beta of 0.52.

Hedge Funds Weigh In On Genasys

Several institutional investors have recently modified their holdings of the business. Barclays PLC purchased a new position in Genasys in the third quarter worth $70,000. Geode Capital Management LLC raised its stake in shares of Genasys by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company's stock worth $1,724,000 after purchasing an additional 48,843 shares during the period. Cutter & CO Brokerage Inc. boosted its holdings in shares of Genasys by 12.0% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company's stock worth $758,000 after buying an additional 22,750 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company's stock valued at $1,666,000 after buying an additional 87,883 shares during the period. Finally, BOKF NA grew its position in Genasys by 103.4% during the second quarter. BOKF NA now owns 172,250 shares of the company's stock valued at $364,000 after buying an additional 87,550 shares during the period. 40.04% of the stock is owned by institutional investors.

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.

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