Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.41 and traded as high as $4.22. Comtech Telecommunications shares last traded at $4.01, with a volume of 294,855 shares traded.
Analyst Ratings Changes
A number of brokerages have recently weighed in on CMTL. StockNews.com raised shares of Comtech Telecommunications to a "sell" rating in a report on Tuesday, December 24th. B. Riley lowered their price objective on shares of Comtech Telecommunications from $12.25 to $9.25 and set a "buy" rating for the company in a research report on Monday, November 4th.
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Comtech Telecommunications Stock Down 5.9 %
The company has a current ratio of 1.83, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average price is $3.36 and its 200-day moving average price is $3.42. The stock has a market cap of $116.79 million, a price-to-earnings ratio of -0.85 and a beta of 1.57.
Hedge Funds Weigh In On Comtech Telecommunications
A number of institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new stake in Comtech Telecommunications during the 3rd quarter worth approximately $28,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Comtech Telecommunications during the 2nd quarter worth $31,000. Point72 DIFC Ltd purchased a new stake in Comtech Telecommunications in the 2nd quarter worth about $37,000. 272 Capital LP bought a new stake in Comtech Telecommunications in the 3rd quarter valued at about $94,000. Finally, B. Riley Financial Inc. purchased a new stake in Comtech Telecommunications during the third quarter valued at about $155,000.
About Comtech Telecommunications
(
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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.
Further Reading
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