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Actelis Networks Inc (NASDAQ:ASNS) shares are trading higher by 14% to $1.70 during Tuesday's session after the company announced a new order from a U.S. aerial transportation agency under the Department of Transportation.
What Else: Actelis says the company is expanding its presence in the transportation sector, with its technology being used in traffic systems, highways, railways and airports globally.
In recent months, the company says it has secured several key contracts, including a $2.3 million order for Washington D.C.’s Department of Transportation, a $300,000 order for an Italian transportation project, and a $260,000 order for a U.S. county traffic modernization.
The company says this order will enable Actelis to support various applications such as connecting remote facilities, backhauling radar networks and upgrading T1 lines to IP for fiber projects.
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Actelis Networks' case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, ASNS has a 52-week high of $4.60 and a 52-week low of $0.36.
Posted In: ASNS
