Ondas (NASDAQ:ONDS) Trading Down 1.9%

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price fell 1.9% on Wednesday . The company traded as low as $0.81 and last traded at $0.82. 187,520 shares were traded during trading, a decline of 61% from the average session volume of 478,356 shares. The stock had previously closed at $0.83.

Wall Street Analyst Weigh In

Separately, Northland Securities lowered their price target on shares of Ondas from $4.00 to $2.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th.

Ondas Stock Up 3.0 %

The firm has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $1.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.35 and a current ratio of 0.45.

Ondas (NASDAQ:ONDS) last issued its earnings results on Monday, August 14th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Ondas had a negative net margin of 820.03% and a negative return on equity of 87.37%. The firm had revenue of $5.47 million during the quarter, compared to analyst estimates of $4.43 million. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.78 EPS for the current year.

Institutional Trading of Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in ONDS. LPL Financial LLC boosted its stake in Ondas by 22.8% in the 2nd quarter. LPL Financial LLC now owns 15,629 shares of the company’s stock worth $84,000 after purchasing an additional 2,900 shares during the period. Royal Bank of Canada grew its stake in Ondas by 7.8% during the third quarter. Royal Bank of Canada now owns 75,321 shares of the company’s stock valued at $279,000 after acquiring an additional 5,467 shares in the last quarter. Geode Capital Management LLC grew its stake in Ondas by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 619,477 shares of the company’s stock valued at $984,000 after acquiring an additional 8,260 shares in the last quarter. Bank of America Corp DE lifted its stake in Ondas by 254.0% in the 1st quarter. Bank of America Corp DE now owns 17,498 shares of the company’s stock worth $128,000 after purchasing an additional 12,555 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Ondas by 17.3% in the 3rd quarter. UBS Group AG now owns 86,826 shares of the company’s stock valued at $321,000 after purchasing an additional 12,830 shares during the period. 14.84% of the stock is currently owned by institutional investors.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.