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

Comtech Telecommunications Corp. (NASDAQ:CMTL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.30 and traded as high as $3.11. Comtech Telecommunications shares last traded at $3.04, with a volume of 204,152 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded Comtech Telecommunications from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Comtech Telecommunications in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.00.

Comtech Telecommunications Stock Performance

The stock’s 50-day moving average price is $2.70 and its two-hundred day moving average price is $2.30. The stock has a market capitalization of $89.36 million, a PE ratio of -0.30 and a beta of 1.33.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, June 21st. The communications equipment provider reported $0.25 EPS for the quarter. The firm had revenue of $122.12 million for the quarter. Comtech Telecommunications had a negative return on equity of 15.38% and a negative net margin of 51.28%. Comtech Telecommunications has set its FY 2023 guidance at EPS. On average, analysts predict that Comtech Telecommunications Corp. will post -2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. QVT Financial LP lifted its stake in shares of Comtech Telecommunications by 39.5% in the second quarter. QVT Financial LP now owns 984,354 shares of the communications equipment provider’s stock worth $2,412,000 after buying an additional 278,581 shares in the last quarter. Royce & Associates LP raised its holdings in Comtech Telecommunications by 19.4% in the 1st quarter. Royce & Associates LP now owns 1,582,138 shares of the communications equipment provider’s stock worth $2,531,000 after acquiring an additional 256,530 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Comtech Telecommunications by 87.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 117,965 shares of the communications equipment provider’s stock valued at $289,000 after acquiring an additional 54,879 shares in the last quarter. Mount Lucas Management LP purchased a new stake in Comtech Telecommunications during the 1st quarter valued at $80,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Comtech Telecommunications in the 1st quarter worth $59,000.

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.