KWESST Micro Systems (NASDAQ:KWE) Stock Price Down 12.5%

KWESST Micro Systems Inc. (NASDAQ:KWE) traded down 12.5% on Monday . The company traded as low as $0.47 and last traded at $0.51. 1,785,854 shares were traded during trading, a decline of 50% from the average session volume of 3,541,311 shares. The stock had previously closed at $0.58.

KWESST Micro Systems Price Performance

The business has a 50-day moving average of $0.61 and a two-hundred day moving average of $0.97. The company has a market cap of $4.13 million, a P/E ratio of -0.39 and a beta of 1.45.

KWESST Micro Systems (NASDAQ:KWE) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.07). The firm had revenue of $0.36 million during the quarter. KWESST Micro Systems had a negative return on equity of 520.61% and a negative net margin of 967.70%. Equities analysts anticipate that KWESST Micro Systems Inc. will post -1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KWESST Micro Systems stock. Worth Venture Partners LLC raised its stake in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) by 91.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,767 shares of the company’s stock after purchasing an additional 135,239 shares during the quarter. Worth Venture Partners LLC owned about 6.97% of KWESST Micro Systems worth $477,000 at the end of the most recent reporting period. Institutional investors own 21.39% of the company’s stock.

KWESST Micro Systems Company Profile

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 PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.