Desjardins reaffirmed their sell rating on shares of DragonWave, Inc. (TSE:DWI) in a report published on Friday morning. The brokerage currently has a C$3.00 target price on the stock.

Shares of DragonWave (TSE:DWI) traded down 1.56% during midday trading on Friday, hitting $3.15. 3,100 shares of the stock were exchanged. DragonWave has a 52-week low of $2.00 and a 52-week high of $13.96. The firm’s 50 day moving average price is $3.60 and its 200-day moving average price is $71.10. The stock’s market cap is $11.42 million.

About DragonWave

DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul. Additional applications include leased line replacement, last mile fiber extension and enterprise networks.

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