Comtech Telecommunications (NASDAQ:CMTL) Raised to “Sell” at StockNews.com

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by StockNews.com to a “sell” rating in a note issued to investors on Tuesday.

Separately, B. Riley cut their target price 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.

Comtech Telecommunications Price Performance

Shares of CMTL stock traded down $0.01 during trading on Tuesday, hitting $2.54. The company had a trading volume of 287,524 shares, compared to its average volume of 1,008,023. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $12.57. The stock has a market capitalization of $73.32 million, a price-to-earnings ratio of -0.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.10.

Hedge Funds Weigh In On Comtech Telecommunications

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd bought a new stake in Comtech Telecommunications during the 3rd quarter valued at approximately $28,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Comtech Telecommunications in the second quarter worth $31,000. Point72 DIFC Ltd bought a new position in shares of Comtech Telecommunications during the second quarter valued at $37,000. Virtu Financial LLC purchased a new position in shares of Comtech Telecommunications in the 1st quarter worth about $81,000. Finally, Summit Securities Group LLC bought a new position in Comtech Telecommunications in the 2nd quarter worth about $82,000.

Comtech Telecommunications Company Profile

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.