Wi-Lan Inc. (NASDAQ:WILN)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Thursday.
A hedge fund recently raised its stake in Wi-Lan stock. Acadian Asset Management LLC raised its position in shares of Wi-Lan Inc. (NASDAQ:WILN) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,679,571 shares of the company’s stock after buying an additional 300,946 shares during the period. Acadian Asset Management LLC owned about 3.92% of Wi-Lan worth $11,820,000 as of its most recent filing with the SEC.
Shares of Wi-Lan (NASDAQ:WILN) traded down 17.83% on Thursday, hitting $2.12. The stock had a trading volume of 273,313 shares. Wi-Lan has a 12 month low of $0.93 and a 12 month high of $3.04. The company has a 50 day moving average price of $2.62 and a 200-day moving average price of $2.12. The stock has a market cap of $253.15 million and a PE ratio of 13.25.
Wi-LAN Inc, is a patent licensing company, which focuses on intellectual property, and manages and licenses the patent portfolios of various companies. It operates in a range of markets, including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.
