Westell Technologies (NASDAQ:WSTL) posted its quarterly earnings results on Wednesday, February 6th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $10.72 million during the quarter. Westell Technologies had a negative return on equity of 0.81% and a negative net margin of 9.46%.
Shares of WSTL remained flat at $$2.22 during mid-day trading on Friday. 15,916 shares of the stock traded hands, compared to its average volume of 23,756. Westell Technologies has a twelve month low of $1.85 and a twelve month high of $3.63.
An institutional investor recently raised its position in Westell Technologies stock. BlackRock Inc. lifted its position in shares of Westell Technologies Inc. (NASDAQ:WSTL) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 354,068 shares of the communications equipment provider’s stock after purchasing an additional 33,764 shares during the quarter. BlackRock Inc. owned 2.25% of Westell Technologies worth $1,010,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.12% of the company’s stock.
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About Westell Technologies
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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