KWESST Micro Systems Inc. (NASDAQ:KWE – Free Report) – Research analysts at Litchfield Hills Research dropped their FY2023 earnings per share estimates for KWESST Micro Systems in a report issued on Tuesday, September 5th. Litchfield Hills Research analyst T. O’neill now anticipates that the company will post earnings per share of ($2.01) for the year, down from their prior estimate of ($1.97). Litchfield Hills Research has a “Buy” rating on the stock. The consensus estimate for KWESST Micro Systems’ current full-year earnings is ($1.97) per share. Litchfield Hills Research also issued estimates for KWESST Micro Systems’ FY2024 earnings at ($1.30) EPS.
KWESST Micro Systems Trading Down 2.4 %
KWESST Micro Systems stock traded down $0.04 during midday trading on Thursday, reaching $1.80. 3,044 shares of the company’s stock were exchanged, compared to its average volume of 9,345. KWESST Micro Systems has a 52 week low of $1.37 and a 52 week high of $12.31. The stock’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.56.
Institutional Investors Weigh In On KWESST Micro Systems
A number of institutional investors have recently made changes to their positions in the company. K.J. Harrison & Partners Inc bought a new stake in shares of KWESST Micro Systems during the first quarter worth approximately $90,000. Sheets Smith Wealth Management bought a new stake in shares of KWESST Micro Systems in the fourth quarter valued at approximately $90,000. Finally, AIGH Capital Management LLC bought a new stake in shares of KWESST Micro Systems in the fourth quarter valued at approximately $1,032,000. Institutional investors own 14.84% of the company’s stock.
About KWESST Micro Systems
KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including non-reciprocating and reciprocating PARA OPS devices and ARWEN products with application in the professional and personal defense; modernized digitization products and services of tactical teams for shared real-time situational awareness in the military and civilian markets; and counter-measures comprising battlefield laser defense systems, phantom electronic warfare devices, and GhostNet counter-drone systems, against threats, such as drones, lasers, and electronic detection for the military market.
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