Comtech Telecommunications (NASDAQ:CMTL) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Comtech Telecommunications (NASDAQ:CMTL) to a sell rating in a report released on Tuesday.

Separately, B. Riley dropped their price objective on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a report on Monday, November 4th.

Comtech Telecommunications Stock Down 4.1 %

CMTL stock opened at $2.60 on Tuesday. Comtech Telecommunications has a one year low of $1.53 and a one year high of $12.51. The firm’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.10. The firm has a market cap of $75.06 million, a PE ratio of -0.55 and a beta of 1.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83.

Institutional Trading of Comtech Telecommunications

Hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in Comtech Telecommunications during the third quarter worth about $28,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Comtech Telecommunications in the second quarter valued at $31,000. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications during the 2nd quarter valued at about $37,000. Virtu Financial LLC purchased a new position in shares of Comtech Telecommunications during the 1st quarter worth about $81,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Comtech Telecommunications in the second quarter worth 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.