What's Happening With Actelis Networks (ASNS) Stock Today - Actelis Networks (NASDAQ:ASNS)

Actelis Networks, Inc ASNS shares are plunging on Wednesday. There's no company-related news.
On Monday, the company disclosed the launch of next-generation hybrid fiber-copper solutions to rapidly deploy cyber-safe, gigabit connectivity to locations where fiber installation is difficult and costly.
The newly introduced solutions support various IoT applications for rail, military, campus networks, 5G/mobile base stations, and residential and commercial broadband, including Multiple Dwelling Units (MDUs) such as apartments and condos. The launch follows successful tests with rail and military customers that exceeded expectations.
With the launch of the GigaLine 800 (GL800) and GigaLine 900 (GL900) product families, Actelis solves the challenges of getting gigabit connectivity to buildings and distributing gigabit services throughout buildings without disturbing tenants with unnecessary rewiring.
The stock gained 114% on Tuesday, closing at $6.51. The stock could be seeing profit booking from Tuesday's big move.
Actelis Networks offers cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications, including federal, state, local government, ITS, military, utility, rail, telecom, and campus applications.
Price Action: ASNS shares traded lower by 47.1% at $3.44 on the last check Wednesday.

What's Happening With Actelis Networks Stock Today