Vislink Technologies (NASDAQ:VISL) Shares Down 2.2% – Here’s Why

Vislink Technologies, Inc. (NASDAQ:VISL)’s share price dropped 2.2% during mid-day trading on Monday . The stock traded as low as $5.98 and last traded at $6.28. Approximately 2,716 shares were traded during trading, a decline of 85% from the average daily volume of 18,009 shares. The stock had previously closed at $6.42.

Vislink Technologies Stock Up 1.9 %

The firm’s fifty day moving average price is $6.43 and its 200 day moving average price is $5.45. The stock has a market cap of $15.69 million, a PE ratio of -1.84 and a beta of 1.27.

Vislink Technologies (NASDAQ:VISL) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.93) earnings per share (EPS) for the quarter. Vislink Technologies had a negative net margin of 23.23% and a negative return on equity of 20.67%. The company had revenue of $8.70 million during the quarter.

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.