Actelis Networks (NASDAQ:ASNS) Coverage Initiated at Litchfield Hills Research

Investment analysts at Litchfield Hills Research initiated coverage on shares of Actelis Networks (NASDAQ:ASNS) in a report issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $5.00 price target on the stock. Litchfield Hills Research’s price target suggests a potential upside of 334.78% from the stock’s previous close.

Actelis Networks Price Performance

Shares of NASDAQ:ASNS opened at $1.15 on Monday. The stock has a 50 day moving average price of $1.25. Actelis Networks has a 1 year low of $0.36 and a 1 year high of $4.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.42 and a quick ratio of 0.96. The firm has a market capitalization of $7.19 million, a price-to-earnings ratio of -0.92 and a beta of 2.02.

About Actelis Networks

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.