Westell Technologies Inc. (NASDAQ:WSTL) shares reached a new 52-week low during trading on Thursday . The company traded as low as $1.91 and last traded at $1.93, with a volume of 14406 shares. The stock had previously closed at $1.93.

A number of analysts recently weighed in on the stock. TheStreet raised shares of Westell Technologies from a “d” rating to a “c-” rating in a research note on Thursday, August 2nd. 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 company has a market capitalization of $29.99 million, a price-to-earnings ratio of 9.55 and a beta of 1.33.

Westell Technologies (NASDAQ:WSTL) last released its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.08). Westell Technologies had a positive return on equity of 3.12% and a negative net margin of 3.96%. The business had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $13.78 million. Analysts predict that Westell Technologies Inc. will post 0.18 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. lifted its stake in 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. Acadian Asset Management LLC lifted its stake in 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. Macquarie Group Ltd. lifted its stake in 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. Finally, BlackRock Inc. lifted its stake in 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. 20.94% of the stock is owned by institutional investors.

WARNING: “Westell Technologies (WSTL) Reaches New 1-Year Low at $1.91” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/11/15/westell-technologies-wstl-reaches-new-1-year-low-at-1-91.html.

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).

Recommended Story: What is intrinsic value?

Receive News & Ratings for Westell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.