DragonWave, Inc. (TSE:DWI)‘s stock had its “sell” rating reiterated by equities researchers at Desjardins in a research note issued to investors on Friday. They currently have a C$3.00 price target on the stock. Desjardins’ price target would suggest a potential downside of 6.25% from the company’s current price.

Shares of DragonWave (TSE:DWI) traded down 3.61% on Friday, reaching $3.20. 18,747 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $3.60 and a 200 day moving average of $71.10. DragonWave has a one year low of $2.00 and a one year high of $13.96. The firm’s market capitalization is $11.60 million.

About DragonWave

DragonWave Inc (DragonWave) is a provider of packet microwave solutions for Internet protocol (IP) networks. The Company operates through broadband wireless backhaul equipment segment. The principal application of DragonWave’s products is mobile network backhaul. Additional applications include leased line replacement, last mile fiber extension and enterprise networks.

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