Shares of Westell Technologies Inc. (NASDAQ:WSTL) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus target price of $5.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Westell Technologies an industry rank of 73 out of 257 based on the ratings given to its competitors.

A number of research firms recently weighed in on WSTL. Zacks Investment Research raised shares of Westell Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. TheStreet raised shares of Westell Technologies from a “d” rating to a “c-” rating in a research note on Thursday, August 2nd.

Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its position in shares of 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 buying an additional 31,923 shares during the last quarter. Alambic Investment Management L.P. increased its holdings in Westell Technologies by 95.9% in the 2nd quarter. Alambic Investment Management L.P. now owns 94,137 shares of the communications equipment provider’s stock worth $268,000 after buying an additional 46,080 shares during the period. BlackRock Inc. increased its holdings in Westell Technologies by 10.5% in the 2nd quarter. BlackRock Inc. now owns 354,068 shares of the communications equipment provider’s stock worth $1,010,000 after buying an additional 33,764 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Westell Technologies by 44.6% in the 2nd quarter. Acadian Asset Management LLC now owns 136,818 shares of the communications equipment provider’s stock worth $390,000 after buying an additional 42,194 shares during the period. 21.04% of the stock is owned by institutional investors.

Shares of WSTL traded down $0.12 during trading hours on Monday, reaching $1.94. 98,833 shares of the company traded hands, compared to its average volume of 53,205. The firm has a market capitalization of $31.39 million, a P/E ratio of 20.10 and a beta of 1.33. Westell Technologies has a 12-month low of $1.92 and a 12-month high of $4.60.

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. As a group, equities analysts forecast that Westell Technologies will post 0.18 EPS for the current year.

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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