Comtech Telecommunications (NASDAQ:CMTL – Free Report) had its target price decreased by B. Riley from $12.25 to $9.25 in a research report released on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the communications equipment provider’s stock.
Comtech Telecommunications Price Performance
Shares of CMTL stock opened at $2.79 on Monday. 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 firm has a market capitalization of $80.55 million, a price-to-earnings ratio of -0.59, a PEG ratio of 0.88 and a beta of 1.61. The firm’s 50 day moving average is $3.71 and its 200-day moving average is $3.07. Comtech Telecommunications has a 1 year low of $1.53 and a 1 year high of $12.80.
Institutional Investors Weigh In On Comtech Telecommunications
Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd acquired a new position in shares of Comtech Telecommunications during the third quarter valued at $28,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Comtech Telecommunications in the 2nd quarter valued at about $31,000. Point72 DIFC Ltd acquired a new stake in shares of Comtech Telecommunications during the 2nd quarter worth approximately $37,000. Virtu Financial LLC bought a new stake in shares of Comtech Telecommunications during the first quarter worth approximately $81,000. Finally, Summit Securities Group LLC acquired a new position in Comtech Telecommunications in the second quarter valued at approximately $82,000.
About Comtech Telecommunications
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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