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.
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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