Shares of Vislink Technologies, Inc. (NASDAQ:VISL – Get Free Report) were down 9.1% during mid-day trading on Wednesday . The stock traded as low as $2.45 and last traded at $2.50. Approximately 27,908 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 54,866 shares. The stock had previously closed at $2.75.
Vislink Technologies Stock Performance
The firm has a market capitalization of $6.18 million, a P/E ratio of -0.71 and a beta of 1.27. The firm has a 50-day moving average of $3.43 and a 200-day moving average of $5.07.
Insider Buying and Selling at Vislink Technologies
In related news, major shareholder Hale Capital Partners, Lp bought 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $2.45 per share, for a total transaction of $49,000.00. Following the purchase, the insider now owns 295,415 shares in the company, valued at approximately $723,766.75. This represents a 7.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.48% of the company’s stock.
About Vislink Technologies
Vislink Technologies, Inc provides solutions for collecting live news, sports, entertainment, and news events for the broadcast markets in North America, South America, Europe, Asia, and internationally. The company offers live production products and solutions, such as wireless camera transmitter and receiver products comprising HCAM, a 4K Ultra HD-capable on-camera wireless system; Quantum, an ultra-low latency and waveform agnostic central receiver; IP Link 3.0, a studio-transmitter link system that enables broadcasting service platforms to access monetization opportunities; ViewBack is a lightweight, low-power, low latency, dual-channel diversity receiver-decoder; ultra-compact onboard solutions; and other receiver products, including CRx6, and CIRAS-X6.
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