Vistance Networks (NASDAQ:VISN) Shares Gap Down – Time to Sell?

Shares of Vistance Networks, Inc. (NASDAQ:VISN – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $5.49, but opened at $4.10. Vistance Networks shares last traded at $4.1420, with a volume of 730,113 shares.

Wall Street Analyst Weigh In

A number of analysts have commented on VISN shares. Wall Street Zen upgraded Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings downgraded shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Northland Securities cut shares of Vistance Networks from an “outperform” rating to a “market perform” rating and set a $4.00 target price for the company. in a research report on Tuesday. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Vistance Networks currently has a consensus rating of “Hold” and a consensus price target of $15.00.

View Our Latest Analysis on Vistance Networks

Vistance Networks Stock Performance

The business has a fifty day simple moving average of $6.16 and a 200 day simple moving average of $12.54. The stock has a market cap of $840.83 million, a price-to-earnings ratio of 5.57 and a beta of 2.57.

Vistance Networks Cuts Dividend

The company also recently declared a special dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, October 26th were paid a dividend of $1.50 per share. This is a drop from Vistance Networks’s previous special dividend of $5.00.

Insider Activity at Vistance Networks

In other news, Director L. William Krause sold 23,864 shares of Vistance Networks stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $6.27, for a total transaction of $149,627.28. Following the completion of the sale, the director directly owned 74,507 shares in the company, valued at $467,158.89. The trade was a 24.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Vistance Networks

A number of hedge funds have recently bought and sold shares of VISN. Persistent Asset Partners Ltd acquired a new position in Vistance Networks in the 2nd quarter valued at $29,000. Triumph Capital Management acquired a new stake in shares of Vistance Networks during the second quarter worth $32,000. First Bancorp Inc ME acquired a new stake in shares of Vistance Networks during the second quarter worth $38,000. Pinnacle Holdings LLC purchased a new stake in shares of Vistance Networks in the second quarter valued at $48,000. Finally, Nykredit A S purchased a new stake in shares of Vistance Networks in the second quarter valued at $54,000. Institutional investors and hedge funds own 88.04% of the company’s stock.

Vistance Networks Company Profile

(Get Free Report)

Vistance Networks develops and supplies communications technology for satellite, space, terrestrial and wireless networks. Its offerings include satellite modems and ground-station equipment, radio-frequency systems, and troposcatter communications technology used to connect networks where conventional infrastructure may be limited. The company also provides public-safety communications solutions, including technology for emergency calling, call handling and location services. Its customers include government and defense organizations, satellite and telecommunications operators, and public-safety agencies.

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