Communications Systems, Inc. (NASDAQ:JCS) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 62,700 shares, a decline of 27.4% from the June 15th total of 86,400 shares. Based on an average trading volume of 27,300 shares, the short-interest ratio is presently 2.3 days. Approximately 0.9% of the company’s shares are sold short.
JCS has been the subject of several recent research reports. Zacks Investment Research lowered Communications Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, June 10th. ValuEngine raised Communications Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Northland Securities reissued a “buy” rating and set a $8.00 price objective on shares of Communications Systems in a research report on Monday, May 18th.
Shares of JCS traded up $0.19 during trading hours on Friday, hitting $5.04. The company had a trading volume of 9,610 shares, compared to its average volume of 23,391. The firm has a fifty day moving average price of $5.14 and a 200-day moving average price of $5.61. The stock has a market capitalization of $47.13 million, a price-to-earnings ratio of 6.07 and a beta of 1.11. Communications Systems has a 52-week low of $3.00 and a 52-week high of $9.90.
Communications Systems (NASDAQ:JCS) last posted its quarterly earnings results on Thursday, May 14th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. The firm had revenue of $9.16 million during the quarter, compared to analyst estimates of $11.40 million. Communications Systems had a return on equity of 10.49% and a net margin of 13.30%. On average, sell-side analysts predict that Communications Systems will post -0.01 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, June 12th. Communications Systems’s dividend payout ratio is presently 400.00%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC raised its position in shares of Communications Systems by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 307,000 shares of the communications equipment provider’s stock worth $1,369,000 after purchasing an additional 2,800 shares during the last quarter. EAM Investors LLC raised its position in Communications Systems by 4.2% in the 1st quarter. EAM Investors LLC now owns 118,046 shares of the communications equipment provider’s stock worth $526,000 after buying an additional 4,717 shares during the last quarter. Geode Capital Management LLC raised its position in Communications Systems by 37.8% in the 4th quarter. Geode Capital Management LLC now owns 36,020 shares of the communications equipment provider’s stock worth $222,000 after buying an additional 9,876 shares during the last quarter. Private Advisor Group LLC purchased a new position in Communications Systems in the 1st quarter worth about $60,000. Finally, Trexquant Investment LP purchased a new position in Communications Systems in the 4th quarter worth about $93,000. 42.77% of the stock is owned by hedge funds and other institutional investors.
Communications Systems Company Profile
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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