WI-LAN Reaches New 12-Month Low at $2.85 (WILN)
WI-LAN (NASDAQ:WILN)’s share price reached a new 52-week low during trading on Thursday, AnalystRatings.Net reports. The stock traded as low as $2.85 and last traded at $3.06, with a volume of 2,732,106 shares traded. The stock had previously closed at $3.95.
A number of analysts have recently weighed in on WILN shares. Analysts at CIBC downgraded shares of WI-LAN from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity downgraded shares of WI-LAN to a “buy” rating in a research note to investors on Thursday. Finally, analysts at Zacks upgraded shares of WI-LAN from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 16th. They now have a $3.40 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.40.
WI-LAN has a 1-year low of $3.15 and a 1-year high of $5.89. The stock has a 50-day moving average of $3.3 and a 200-day moving average of $3.96. The company’s market cap is $369.3 million.
WI-LAN (NASDAQ:WILN) last released its earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $19.90 million for the quarter, compared to the consensus estimate of $18.01 million.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
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