Cambium Networks (NASDAQ:CMBM) Stock Price Up 3% – Time to Buy?

Cambium Networks Co. (NASDAQ:CMBM)’s share price traded up 3% during trading on Friday . The stock traded as high as $0.79 and last traded at $0.79. 44,797 shares traded hands during trading, a decline of 70% from the average session volume of 149,195 shares. The stock had previously closed at $0.76.

Cambium Networks Stock Up 3.0 %

The firm has a market cap of $22.24 million, a P/E ratio of -0.26 and a beta of 1.18. The firm’s 50-day moving average price is $1.02 and its 200 day moving average price is $1.18.

Institutional Investors Weigh In On Cambium Networks

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in Cambium Networks in the fourth quarter worth about $27,000. Jane Street Group LLC lifted its holdings in Cambium Networks by 216.9% in the fourth quarter. Jane Street Group LLC now owns 68,084 shares of the company’s stock worth $44,000 after purchasing an additional 46,602 shares during the period. RBF Capital LLC lifted its holdings in Cambium Networks by 28.5% in the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock worth $397,000 after purchasing an additional 48,077 shares during the period. Squarepoint Ops LLC lifted its holdings in Cambium Networks by 467.2% in the fourth quarter. Squarepoint Ops LLC now owns 81,844 shares of the company’s stock worth $53,000 after purchasing an additional 67,414 shares during the period. Finally, Millennium Management LLC lifted its holdings in Cambium Networks by 88.0% in the fourth quarter. Millennium Management LLC now owns 175,802 shares of the company’s stock worth $113,000 after purchasing an additional 82,299 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.