Vislink Technologies (NASDAQ:VISL) Trading Up 5% – Time to Buy?

Shares of Vislink Technologies, Inc. (NASDAQ:VISL) rose 5% during mid-day trading on Thursday . The stock traded as high as $2.56 and last traded at $2.52. Approximately 667 shares changed hands during mid-day 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 Down 0.8 %

The stock’s 50-day simple moving average is $2.63 and its 200 day simple 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.

Insider Buying and Selling at Vislink Technologies

In related news, major shareholder Hale Capital Partners, Lp acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $2.45 per share, for a total transaction of $49,000.00. Following the completion of the acquisition, the insider now owns 295,415 shares of the company’s stock, valued at approximately $723,766.75. This trade represents a 7.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.48% of the company’s stock.

About Vislink Technologies

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.