Westell Technologies (NASDAQ:WSTL) Downgraded to Sell at ValuEngine

Westell Technologies (NASDAQ:WSTL) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday, ValuEngine reports.

Shares of Westell Technologies stock opened at $0.99 on Wednesday. Westell Technologies has a 1 year low of $0.81 and a 1 year high of $2.39. The company’s fifty day moving average is $1.10 and its two-hundred day moving average is $1.47.

Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings data on Wednesday, November 13th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter. Westell Technologies had a negative return on equity of 19.77% and a negative net margin of 41.41%. The business had revenue of $7.57 million for the quarter.

In other Westell Technologies news, CEO Timothy L. Duitsman acquired 44,500 shares of the stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $0.90 per share, with a total value of $40,050.00. Following the transaction, the chief executive officer now owns 147,000 shares of the company’s stock, valued at approximately $132,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 59,500 shares of company stock worth $54,700 over the last three months. 26.70% of the stock is currently owned by insiders.

Westell Technologies Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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