Genasys Inc. (NASDAQ:GNSS) Stock Position Cut by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its stake in Genasys Inc. (NASDAQ:GNSS) by 7.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,393 shares of the company’s stock after selling 8,384 shares during the period. Stratos Wealth Partners LTD. owned 0.25% of Genasys worth $222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AWM Investment Company Inc. boosted its position in shares of Genasys by 32.2% during the 3rd quarter. AWM Investment Company Inc. now owns 5,749,544 shares of the company’s stock valued at $11,557,000 after purchasing an additional 1,400,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Genasys by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,614,831 shares of the company’s stock valued at $3,246,000 after purchasing an additional 14,600 shares in the last quarter. Pacific Ridge Capital Partners LLC bought a new position in shares of Genasys during the 3rd quarter valued at about $2,034,000. Herald Investment Management Ltd bought a new position in shares of Genasys during the 3rd quarter valued at about $1,508,000. Finally, BlackRock Inc. boosted its position in shares of Genasys by 2.1% during the 2nd quarter. BlackRock Inc. now owns 719,381 shares of the company’s stock valued at $1,870,000 after purchasing an additional 14,588 shares in the last quarter. Institutional investors own 40.04% of the company’s stock.

Genasys Trading Down 2.9 %

NASDAQ:GNSS opened at $2.04 on Wednesday. Genasys Inc. has a twelve month low of $1.51 and a twelve month high of $3.92. The company has a 50-day moving average of $2.04 and a 200-day moving average of $1.85. The firm has a market cap of $89.82 million, a price-to-earnings ratio of -3.71 and a beta of 0.48.

Genasys (NASDAQ:GNSS) last announced its earnings results on Tuesday, February 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Genasys had a negative return on equity of 35.02% and a negative net margin of 53.32%. The firm had revenue of $4.36 million during the quarter, compared to analyst estimates of $7.88 million. On average, research analysts forecast that Genasys Inc. will post -0.28 earnings per share for the current year.

Genasys Company Profile

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.