Westell Technologies (NASDAQ:WSTL) Trading Down 29%
Westell Technologies Inc. (NASDAQ:WSTL)’s stock price dropped 29% during mid-day trading on Thursday . The company traded as low as $0.85 and last traded at $0.88, approximately 536,500 shares were traded during trading. An increase of 1,979% from the average daily volume of 25,805 shares. The stock had previously closed at $1.24.
Separately, ValuEngine lowered shares of Westell Technologies from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.
The business’s 50 day simple moving average is $1.31 and its 200-day simple moving average is $1.63.
About Westell Technologies (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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