Westell Technologies, Inc. (NASDAQ:WSTL) changed -0.54% to recent value of $1.71. The stock transacted 21548 shares during most recent day however it has an average volume of 28.53K shares. It spotted trading -43.00% off 52-week high price. On the other end, the stock has been noted 3.01% away from the low price over the last 52-weeks.
June 19, 2019 Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of high-performance network infrastructure solutions, announced that Timothy Duitsman, Senior Vice President of Product Development at Klein Tools, has been appointed to Westell’s Board of Directors. Mr. Duitsman will serve as a member of the Compensation Committee.
“The Board nominated Tim primarily for his successful experience bringing new products to market,” said Kirk R. Brannock, Chairman of Westell’s Board of Directors. “Tim knows what it takes to bring new products to market, including product development execution and managing product roadmaps.”
Mr. Duitsman serves as Senior Vice President of Product Development at Klein Tools, a manufacturer of hand tools, utility products, and test and measurement products, where he has successfully launched a number of multi-million dollar business lines. Prior to Klein Tools, Mr. Duitsman served as Vice President of Research and Development at Intermatic, a manufacturer of Malibu lighting, consumer timers, and industrial controls, where he increased sales of new industrial products.
Mr. Duitsman previously served as Westell’s Vice President of Engineering, where he led the development of the first CellPak enclosure designed to simplify deployment of T1 services in outdoor locations. Prior to that, he was Vice President and General Manager of Westell’s Telco Access Products business. Mr. Duitsman earned an MBA from Northwestern University Kellogg School of Management, as well as MS and BS degrees in Mechanical Engineering from the University of Illinois at Chicago and the University of Illinois at Champaign-Urbana, respectively.
WSTL has a gross margin of 42.10% and an operating margin of -26.80% while its profit margin remained -26.10% for the last 12 months. Its earning per share for the next 5-years is expected to reach at 2.50%.
The company has 15.52M of outstanding shares and 10.51M shares were floated in the market. According to the most recent quarter its current ratio was 6.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -7.21% from the mean of 20 days, -14.79% from mean of 50 days SMA and performed -22.32% from mean of 200 days price. Company’s performance for the week was -1.72%, -16.59% for month and YTD performance remained -9.52%.