Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.23 and traded as high as $2.50. Comtech Telecommunications shares last traded at $2.46, with a volume of 92,773 shares traded.
Analyst Upgrades and Downgrades
Separately, B. Riley lowered their target price on Comtech Telecommunications from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday, June 10th.
View Our Latest Report on CMTL
Comtech Telecommunications Stock Performance
The firm has a market cap of $68.80 million, a price-to-earnings ratio of -0.23 and a beta of 1.24. The firm's 50 day moving average is $1.95 and its 200-day moving average is $2.21.
Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The communications equipment provider reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.08. Comtech Telecommunications had a negative return on equity of 15.38% and a negative net margin of 51.28%. The company had revenue of $126.79 million during the quarter, compared to analysts' expectations of $124.12 million. As a group, research analysts predict that Comtech Telecommunications Corp. will post -2.38 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Comtech Telecommunications during the 4th quarter worth about $27,000. Williams Jones Wealth Management LLC. acquired a new stake in Comtech Telecommunications in the 4th quarter valued at approximately $40,000. Marshall Wace LLP bought a new position in Comtech Telecommunications in the 4th quarter worth approximately $44,000. Dynamic Technology Lab Private Ltd bought a new position in Comtech Telecommunications in the 1st quarter worth approximately $59,000. Finally, Cetera Investment Advisers bought a new stake in shares of Comtech Telecommunications in the fourth quarter valued at approximately $60,000.
Comtech Telecommunications Company Profile
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Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.
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