Vislink Technologies (NASDAQ:VISL) Stock Price Up 5% – Still a Buy?

Shares of Vislink Technologies, Inc. (NASDAQ:VISL) rose 5% during mid-day trading on Thursday . The company traded as high as $2.56 and last traded at $2.52. Approximately 667 shares were traded during trading, a decline of 98% from the average daily volume of 27,686 shares. The stock had previously closed at $2.40.

Vislink Technologies Stock Performance

The company’s 50 day moving average is $2.63 and its 200 day moving average is $4.18. The firm has a market cap of $6.17 million, a P/E ratio of -0.71 and a beta of 1.17.

Insiders Place Their Bets

In other Vislink Technologies news, major shareholder Hale Capital Partners, Lp purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $2.45 per share, for a total transaction of $49,000.00. Following the transaction, the insider now owns 295,415 shares in the company, valued at $723,766.75. The trade was a 7.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.48% of the company’s stock.

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.