Genasys (NASDAQ:GNSS) Stock Price Up 1.1% – Here’s Why

Genasys Inc. (NASDAQ:GNSS)’s stock price was up 1.1% on Monday . The stock traded as high as $2.92 and last traded at $2.85. Approximately 84,283 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 115,857 shares. The stock had previously closed at $2.82.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Roth Mkm raised their price target on shares of Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Ascendiant Capital Markets boosted their target price on shares of Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Northland Securities increased their price target on Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th.

Genasys Trading Up 1.1 %

The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The firm has a market cap of $128.05 million, a PE ratio of -3.96 and a beta of 0.59. The company has a 50-day simple moving average of $3.33 and a 200 day simple moving average of $3.12.

Insider Buying and Selling

In other Genasys news, Director William H. Dodd bought 16,327 shares of Genasys stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $2.65 per share, with a total value of $43,266.55. Following the purchase, the director now directly owns 59,159 shares in the company, valued at $156,771.35. This represents a 38.12 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNSS. Barclays PLC acquired a new stake in Genasys in the 3rd quarter worth about $70,000. BOKF NA boosted its stake in shares of Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after acquiring an additional 87,550 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its stake in shares of Genasys by 12.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after acquiring an additional 22,750 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Genasys during the second quarter worth approximately $875,000. Finally, Sequoia Financial Advisors LLC raised its stake in Genasys by 23.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after purchasing an additional 87,883 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

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.