Westell Technologies (WSTL) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Westell Technologies (NASDAQ:WSTL) from a hold rating to a buy rating in a report published on Friday morning.

WSTL has been the topic of a number of other research reports. Zacks Investment Research downgraded Westell Technologies from a buy rating to a hold rating in a research note on Thursday, October 12th. TheStreet upgraded Westell Technologies from a d+ rating to a c- rating in a research note on Friday, December 15th.

Shares of Westell Technologies (NASDAQ:WSTL) opened at $3.21 on Friday. Westell Technologies has a one year low of $2.32 and a one year high of $4.60. The company has a market capitalization of $49.92, a PE ratio of -21.40 and a beta of 1.63.

Several institutional investors and hedge funds have recently modified their holdings of WSTL. Royce & Associates LP boosted its stake in shares of Westell Technologies by 107.5% in the third quarter. Royce & Associates LP now owns 552,938 shares of the communications equipment provider’s stock worth $1,642,000 after buying an additional 286,405 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Westell Technologies in the fourth quarter worth about $1,024,000. Essex Investment Management Co. LLC boosted its stake in shares of Westell Technologies by 160.1% in the third quarter. Essex Investment Management Co. LLC now owns 130,162 shares of the communications equipment provider’s stock worth $387,000 after buying an additional 80,120 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Westell Technologies in the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 28.49% of the company’s stock.

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Westell Technologies Company Profile

Westell Technologies, Inc is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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