Jim Cramer on Ondas: “I’m Going to Have to Take a Pass”

Ondas Holdings Inc. (NASDAQ:ONDS) is one of the stocks Jim Cramer shed light on. Toward the end of the lightning round, a caller asked about the stock, and Cramer replied:

“I mean, that thing is just a, look, I view that as a cats and dog thing, to be honest. I cannot, wow, that one is a really complicated stock… I’m going to have to take a pass.”

Source: Ondas Holdings Inc. Press Release

Ondas Holdings Inc. (NASDAQ:ONDS) provides wireless communication and drone solutions, including AI-powered drones, counter-drone systems, and secure connectivity platforms. On December 18, the company announced that it has has completed the acquisition of Roboteam Ltd., a global provider of rugged tactical unmanned ground vehicles (UGVs) for explosives disposal, intelligence, surveillance, reconnaissance, and hazardous-environment missions. Roboteam’s combat-proven UGVs are used by military and security forces in over 30 countries, including the U.S. Marine Corps and the Israeli Ministry of Defense. Ondas Holdings Inc.’s (NASDAQ:ONDS) CEO, Eric Brock said:

“Roboteam brings a respected lineup of tactical UGVs, established relationships with defense customers, and a strong engineering culture. Together, we are expanding our ability to deliver integrated autonomous solutions that improve mission effectiveness and operator safety across air and ground domains.”

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Disclosure: None. This article is originally published at Insider Monkey.