Westell Technologies (WSTL) Hits New 1-Year Low at $2.01

Shares of Westell Technologies Inc. (NASDAQ:WSTL) hit a new 52-week low during trading on Wednesday . The company traded as low as $2.01 and last traded at $2.08, with a volume of 27668 shares. The stock had previously closed at $2.10.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Westell Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. TheStreet upgraded shares of Westell Technologies from a “d” rating to a “c-” rating in a research note on Thursday, August 2nd.

The company has a market capitalization of $32.01 million, a P/E ratio of 10.05 and a beta of 1.33.

Westell Technologies (NASDAQ:WSTL) last announced its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). Westell Technologies had a positive return on equity of 3.09% and a negative net margin of 3.96%. The company had revenue of $10.11 million during the quarter, compared to the consensus estimate of $13.78 million. On average, research analysts anticipate that Westell Technologies Inc. will post 0.18 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. grew its stake in shares of Westell Technologies by 95.9% in the second quarter. Alambic Investment Management L.P. now owns 94,137 shares of the communications equipment provider’s stock worth $268,000 after acquiring an additional 46,080 shares during the period. Macquarie Group Ltd. grew its stake in shares of Westell Technologies by 36.3% in the second quarter. Macquarie Group Ltd. now owns 119,785 shares of the communications equipment provider’s stock worth $341,000 after acquiring an additional 31,923 shares during the period. Acadian Asset Management LLC grew its stake in shares of Westell Technologies by 44.6% in the second quarter. Acadian Asset Management LLC now owns 136,818 shares of the communications equipment provider’s stock worth $390,000 after acquiring an additional 42,194 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Westell Technologies by 10.5% in the second quarter. BlackRock Inc. now owns 354,068 shares of the communications equipment provider’s stock worth $1,010,000 after acquiring an additional 33,764 shares during the period. Hedge funds and other institutional investors own 21.04% of the company’s stock.

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Westell Technologies Company Profile (NASDAQ:WSTL)

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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