Westell Technologies, Inc. (NASDAQ: WSTL) spotted trading -59.49% off 52-week high price. On the other end, the stock has been noted 30.49% away from the low price over the last 52-weeks. The stock changed -1.79% to recent value of $0.79. The stock transacted 58072 shares during most recent day however it has an average volume of 46.1K shares. The company has 15.58M of outstanding shares and 10.25M shares were floated in the market.
Westell Technologies, Inc. (WSTL) recently reported results for its fiscal 2020 fourth quarter ended March 31, 2020 (4Q20) and its fiscal year ended March 31, 2020 (FY20). Management will host a conference call to discuss financial and business results tomorrow, Thursday, June 18, 2020 at 9:30 AM Eastern Time (details below).
“The fourth quarter was difficult, and our results were affected by the COVID-19 pandemic. We saw a drop in our average daily orders during the quarter, likelyBecause of consumers affected by the stay-at-home orders and economic uncertainty. We also experienced supply chain delays that pushed shipments into the following quarter,” stated Westell’s President and CEO Tim Duitsman.
“Since Westell is a communications equipment provider and an essential business, we built and shipped product throughout the quarter. We instituted many precautions to help our employees remain healthy and safe in this challenging environment.
“Increasing revenue is our highest priority and we are developing new in-building wireless, remote monitoring and rural broadband products to expand our market share in these growing markets,” Duitsman added.
Its earnings per share (EPS) expected to touch remained # ref for this year while earning per share for the next 5-years is expected to reach at 2.50%. WSTL has a gross margin of 33.70% and an operating margin of -46.50% while its profit margin remained -45.80% for the last 12 months. According to the most recent quarter its current ratio was 4.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.33% from the mean of 20 days, -1.51% from mean of 50 days SMA and performed -22.55% from mean of 200 days price. Company’s performance for the week was -4.76%, 4.77% for month and YTD performance remained -12.20%.
I am Charles Shim I have finished my four-year college education in English writing and I hold a master’s degree in Business from Stanford University. Writing about Technology is in great interest. I have great command overwriting due to my five-year experience which incorporates articles, web substances, and web journals. I generally love to play with work, in both my profession and education. I additionally had teaching experience of 2 years at the eminent college to show business and specialized composition and presently, I am working as an educator and preparing writer and creator. I am unimaginably social, and I love to travel and investigate the world.