BidaskClub Lowers CalAmp (NASDAQ:CAMP) to Sell

BidaskClub cut shares of CalAmp (NASDAQ:CAMP) from a hold rating to a sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

A number of other analysts also recently issued reports on the company. Canaccord Genuity set a $24.00 target price on CalAmp and gave the company a buy rating in a research report on Friday, September 27th. TheStreet downgraded CalAmp from a c rating to a d+ rating in a research report on Thursday, June 27th. ValuEngine raised CalAmp from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Northland Securities set a $20.00 target price on CalAmp and gave the company a buy rating in a research report on Friday, September 27th. Finally, Zacks Investment Research raised CalAmp from a sell rating to a hold rating in a research report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. CalAmp has an average rating of Hold and an average price target of $19.56.

NASDAQ:CAMP opened at $10.16 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.36 and a current ratio of 1.59. The stock’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $11.42. The company has a market cap of $346.66 million, a P/E ratio of 18.42, a P/E/G ratio of 3.74 and a beta of 1.99. CalAmp has a 52-week low of $9.35 and a 52-week high of $20.79.

CalAmp (NASDAQ:CAMP) last released its earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. The business had revenue of $93.20 million for the quarter, compared to the consensus estimate of $91.50 million. CalAmp had a positive return on equity of 9.04% and a negative net margin of 1.50%. CalAmp’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, equities analysts predict that CalAmp will post 0.27 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP bought a new position in CalAmp during the first quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in CalAmp during the second quarter worth about $62,000. Meeder Asset Management Inc. bought a new position in CalAmp during the second quarter worth about $69,000. US Bancorp DE grew its holdings in CalAmp by 19.2% during the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after purchasing an additional 1,611 shares during the period. Finally, Walleye Trading Advisors LLC bought a new position in CalAmp during the second quarter worth about $120,000. Institutional investors and hedge funds own 77.03% of the company’s stock.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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