Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $1.29, for a total transaction of $27,553.11. Following the completion of the transaction, the director now owns 124,513 shares of the company's stock, valued at $160,621.77. The trade was a 14.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
ONDS traded up $0.11 on Friday, hitting $1.47. The company's stock had a trading volume of 5,296,279 shares, compared to its average volume of 773,794. Ondas Holdings Inc. has a 12 month low of $0.54 and a 12 month high of $1.99. The firm has a market cap of $113.62 million, a P/E ratio of -2.04 and a beta of 2.55. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The company's 50 day simple moving average is $0.91 and its 200-day simple moving average is $0.83.
Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $1.48 million for the quarter, compared to analysts' expectations of $1.32 million. Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. During the same quarter in the prior year, the company earned ($0.15) EPS. Analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Wealth Effects LLC lifted its holdings in shares of Ondas by 9.8% in the second quarter. Wealth Effects LLC now owns 156,500 shares of the company's stock worth $91,000 after buying an additional 14,000 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Ondas by 17.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company's stock valued at $174,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ondas by 12.8% during the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company's stock valued at $480,000 after purchasing an additional 70,502 shares in the last quarter. Hedge funds and other institutional investors own 37.73% of the company's stock.
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.
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