Vistance Networks (NASDAQ:VISN) Sets New 12-Month Low – What’s Next?

Shares of Vistance Networks, Inc. (NASDAQ:VISN) hit a new 52-week low on Friday . The company traded as low as $6.74 and last traded at $6.74, with a volume of 108866 shares trading hands. The stock had previously closed at $11.63.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VISN shares. Wall Street Zen downgraded shares of Vistance Networks from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Northland Securities set a $17.00 price target on shares of Vistance Networks in a report on Friday, May 1st. Weiss Ratings cut shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Zacks Research downgraded shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.33.

Vistance Networks Stock Down 41.4%

The business has a 50-day moving average price of $11.93 and a 200-day moving average price of $14.51. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 0.22 and a beta of 2.36.

Vistance Networks Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were paid a dividend of $5.00 per share. The ex-dividend date was Friday, August 28th.

Insider Transactions at Vistance Networks

In other Vistance Networks news, CAO Charles A. Gilstrap purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $10.75 per share, for a total transaction of $107,500.00. Following the completion of the purchase, the chief accounting officer owned 302,417 shares in the company, valued at $3,250,982.75. This represents a 3.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Vistance Networks

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

About Vistance Networks

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.