Vistance Networks (NASDAQ:VISN) Shares Gap Down – Here’s What Happened

Vistance Networks, Inc. (NASDAQ:VISN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $12.35, but opened at $10.97. Vistance Networks shares last traded at $10.6120, with a volume of 3,675,832 shares changing hands.

Analyst Upgrades and Downgrades

VISN has been the topic of several recent analyst reports. Northland Securities set a $17.00 price target on Vistance Networks in a research report on Friday, May 1st. Zacks Research lowered shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price objective on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vistance Networks in a report on Monday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Vistance Networks currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Vistance Networks Price Performance

The company has a market cap of $2.36 billion, a price-to-earnings ratio of 0.35 and a beta of 2.36. The firm has a 50-day moving average price of $12.29 and a 200 day moving average price of $15.31.

Hedge Funds Weigh In On Vistance Networks

A hedge fund recently bought a new stake in Vistance Networks stock. GSA Capital Partners LLP acquired a new position in Vistance Networks, Inc. (NASDAQ:VISN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 185,753 shares of the business services provider’s stock, valued at approximately $2,374,000. GSA Capital Partners LLP owned approximately 0.08% of Vistance Networks as of its most recent SEC filing. Institutional investors own 88.04% of the company’s stock.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.