Westell Technologies Inc. (NASDAQ:WSTL) hit a new 52-week low on Friday . The company traded as low as $2.45 and last traded at $2.45, with a volume of 78047 shares trading hands. The stock had previously closed at $2.55.

A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Westell Technologies from a “c-” rating to a “d” rating in a research note on Friday, July 6th. Zacks Investment Research raised shares of Westell Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th.

The stock has a market cap of $40.76 million, a P/E ratio of 12.25 and a beta of 1.57.

Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Westell Technologies had a net margin of 1.02% and a return on equity of 7.09%. The business had revenue of $13.04 million for the quarter, compared to the consensus estimate of $15.00 million. Equities analysts expect that Westell Technologies Inc. will post 0.18 earnings per share for the current fiscal year.

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

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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