Aegis Capital downgraded CalAmp (NASDAQ:CAMP) from Buy to Hold in a statement released earlier today.
- Updated: October 3, 2016
Aegis Capital has downgraded CalAmp (NASDAQ:CAMP) from Buy to Hold in a report released on 10/3/2016.
Previously on Friday September 30, 2016, B. Riley reported about CalAmp (NASDAQ:CAMP) lowered the target price from $29.00 to $22.00. At the time, this indicated a possible upside of 0.59%.
Yesterday CalAmp (NASDAQ:CAMP) traded -2.19% lower at $13.95. The company’s 50-day moving average is $15.21 and its 200-day moving average is $15.35. The last stock close price is down -11.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 953,435 shares of the stock were exchanged, up from an average trading volume of 488,242
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CalAmp has a 52 week low of $13.01 and a 52 week high of $21.35 with a P/E ratio of 70.70 The company’s market cap is currently $0.
In addition to Aegis Capital reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $22.56 with 4 firms rating the stock a strong buy, 6 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About CalAmp (NASDAQ:CAMP)
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company's Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Company's MRM and M2M solutions collect, monitor and report data and intelligence from remote and mobile assets. The Company delivers products, software services and solutions for energy, government, transportation and automotive vertical markets. The Company's Satellite segment develops, manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices enabling the delivery of digital and high definition satellite television services. Its satellite products are sold primarily to EchoStar.
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