Vislink Technologies (NASDAQ:VISL) Stock Price Down 3.7% – Here’s Why

Vislink Technologies, Inc. (NASDAQ:VISL) fell 3.7% during mid-day trading on Thursday . The company traded as low as $2.50 and last traded at $2.50. 3,151 shares changed hands during trading, a decline of 89% from the average session volume of 27,836 shares. The stock had previously closed at $2.60.

Vislink Technologies Stock Performance

The stock has a market cap of $6.29 million, a PE ratio of -0.72 and a beta of 1.10. The business’s fifty day moving average price is $3.03 and its 200-day moving average price is $4.56.

Insider Buying and Selling

In other news, major shareholder Hale Capital Partners, Lp bought 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price 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. The trade was a 7.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.48% of the stock is currently owned by insiders.

Vislink Technologies Company Profile

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.