Ondas (NASDAQ:ONDS – Get Rating) was downgraded by Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, The Fly reports.
Separately, Northland Securities lowered their price objective on shares of Ondas to $5.00 in a research report on Thursday, November 17th.
Ondas Price Performance
ONDS stock opened at $1.30 on Friday. Ondas has a 52 week low of $1.26 and a 52 week high of $8.30. The company has a quick ratio of 2.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $1.90 and a two-hundred day simple moving average of $2.72. The firm has a market capitalization of $63.78 million, a P/E ratio of -0.75 and a beta of 0.41.
Institutional Investors Weigh In On Ondas
Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its stake in Ondas by 1,103.0% in the 2nd quarter. State Street Corp now owns 1,175,738 shares of the company’s stock worth $6,337,000 after buying an additional 1,078,005 shares during the period. Northern Trust Corp increased its stake in Ondas by 421.1% in the 2nd quarter. Northern Trust Corp now owns 285,789 shares of the company’s stock worth $1,540,000 after buying an additional 230,949 shares during the period. BlackRock Inc. increased its stake in Ondas by 6.4% in the 3rd quarter. BlackRock Inc. now owns 2,107,728 shares of the company’s stock worth $7,798,000 after buying an additional 126,124 shares during the period. Vanguard Group Inc. increased its stake in Ondas by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,709,443 shares of the company’s stock worth $6,325,000 after buying an additional 117,838 shares during the period. Finally, Jane Street Group LLC purchased a new position in Ondas in the 4th quarter worth about $158,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.
Ondas Company Profile
Ondas Holdings, Inc engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. Its products include FullMAX network, which gives end-to-end IP connectivity, allowing utilities to extend secure corporate networks into the far reaches of service territories.
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