Royce & Associates LP Cuts Stock Position in Genasys Inc. (NASDAQ:GNSS)

Royce & Associates LP decreased its holdings in Genasys Inc. (NASDAQ:GNSS - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,252 shares of the company's stock after selling 294,527 shares during the period. Royce & Associates LP owned 1.16% of Genasys worth $1,353,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GNSS. FNY Investment Advisers LLC boosted its holdings in shares of Genasys by 251.1% in the 4th quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company's stock worth $707,000 after purchasing an additional 194,669 shares during the period. Raymond James Financial Inc. purchased a new position in Genasys during the fourth quarter worth $138,000. Geode Capital Management LLC boosted its stake in Genasys by 11.2% during the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company's stock worth $1,724,000 after buying an additional 48,843 shares during the period. Intergy Private Wealth LLC purchased a new stake in shares of Genasys in the fourth quarter valued at $68,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Genasys in the 4th quarter worth about $63,000. 40.04% of the stock is owned by institutional investors.

Genasys Trading Down 3.7 %

Shares of NASDAQ GNSS traded down $0.09 during mid-day trading on Tuesday, reaching $2.35. The company had a trading volume of 118,709 shares, compared to its average volume of 119,352. The stock has a market cap of $105.59 million, a price-to-earnings ratio of -3.56 and a beta of 0.54. Genasys Inc. has a 52 week low of $1.65 and a 52 week high of $4.04. The business's 50-day moving average is $2.83 and its 200-day moving average is $3.20. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91.

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Genasys (NASDAQ:GNSS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. Genasys had a negative return on equity of 122.99% and a negative net margin of 109.39%. Equities analysts expect that Genasys Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets upped their price target on shares of 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.