Royce & Associates LP Has $1.35 Million Stock Position in Genasys Inc. (NASDAQ:GNSS)

Royce & Associates LP lowered its stake in Genasys Inc. (NASDAQ:GNSS) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 520,252 shares of the company’s stock after selling 294,527 shares during the period. Royce & Associates LP owned approximately 1.16% of Genasys worth $1,353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evernest Financial Advisors LLC bought a new position in Genasys in the fourth quarter valued at about $49,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Genasys during the 4th quarter valued at approximately $63,000. Intergy Private Wealth LLC acquired a new position in Genasys during the 4th quarter worth approximately $68,000. Barclays PLC bought a new position in Genasys in the 3rd quarter valued at approximately $70,000. Finally, Raymond James Financial Inc. acquired a new stake in Genasys in the fourth quarter valued at approximately $138,000. Institutional investors own 40.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets boosted their price objective on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research report on Monday, December 16th.

Genasys Trading Up 0.4 %

GNSS opened at $2.47 on Friday. The company has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $3.21. Genasys Inc. has a 1-year low of $1.65 and a 1-year high of $4.04. The company has a market cap of $110.98 million, a P/E ratio of -3.74 and a beta of 0.54. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.07. Genasys had a negative return on equity of 122.99% and a negative net margin of 109.39%. Analysts predict that Genasys Inc. will post -0.23 EPS for the current fiscal 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.