Comtech Telecommunications (NASDAQ:CMTL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Comtech Telecommunications Corp. (NASDAQ:CMTL)’s share price crossed 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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CMTL shares. StockNews.com upgraded shares of Comtech Telecommunications to a “sell” rating in a research note on Thursday. B. Riley dropped their price target on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Comtech Telecommunications Stock Up 2.0 %

The company has a market capitalization of $119.12 million, a price-to-earnings ratio of -0.87 and a beta of 1.57. 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’s 50 day simple moving average is $3.37 and its 200-day simple moving average is $3.42.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in Comtech Telecommunications by 306.2% during the 2nd quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock worth $260,000 after purchasing an additional 64,659 shares during the period. Point72 DIFC Ltd acquired a new position in Comtech Telecommunications during the second quarter worth $37,000. Squarepoint Ops LLC raised its position in Comtech Telecommunications by 107.0% in the second quarter. Squarepoint Ops LLC now owns 89,070 shares of the communications equipment provider’s stock worth $270,000 after acquiring an additional 46,041 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Comtech Telecommunications in the second quarter valued at $174,000. Finally, AQR Capital Management LLC boosted its position in shares of Comtech Telecommunications by 90.4% during the 2nd quarter. AQR Capital Management LLC now owns 207,447 shares of the communications equipment provider’s stock worth $629,000 after purchasing an additional 98,479 shares in the last quarter.

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.