Westell Technologies Inc. (NASDAQ:WSTL) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also given Westell Technologies an industry rank of 70 out of 257 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Westell Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th.
Several hedge funds have recently modified their holdings of WSTL. Alambic Investment Management L.P. boosted its position in shares of Westell Technologies by 95.9% during the 2nd quarter. Alambic Investment Management L.P. now owns 94,137 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 46,080 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Westell Technologies by 36.3% during the 2nd quarter. Macquarie Group Ltd. now owns 119,785 shares of the communications equipment provider’s stock valued at $341,000 after purchasing an additional 31,923 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Westell Technologies by 44.6% during the 2nd quarter. Acadian Asset Management LLC now owns 136,818 shares of the communications equipment provider’s stock valued at $390,000 after purchasing an additional 42,194 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Westell Technologies by 10.5% during the 2nd quarter. BlackRock Inc. now owns 354,068 shares of the communications equipment provider’s stock valued at $1,010,000 after purchasing an additional 33,764 shares in the last quarter. 18.93% of the stock is owned by institutional investors.
WSTL traded up $0.01 on Friday, reaching $2.02. The stock had a trading volume of 30,800 shares, compared to its average volume of 47,610. The stock has a market cap of $31.24 million, a PE ratio of 10.10 and a beta of 1.21. Westell Technologies has a fifty-two week low of $1.87 and a fifty-two week high of $4.15.
Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.08). The company had revenue of $10.11 million during the quarter, compared to analyst estimates of $13.78 million. Westell Technologies had a negative net margin of 3.96% and a positive return on equity of 3.12%.
About Westell Technologies
Westell Technologies, Inc, through its subsidiary, Westell, Inc, designs and distributes telecommunications products to telephone companies in the United States. The company operates through three segments: In-Building Wireless (IBW), Intelligent Site Management and Services (ISMS), and Communications Network Solutions (CNS).
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