B. Riley announced CalAmp Corporation (NASDAQ:CAMP), dropping its stock price target to $22.00 today
- Updated: September 30, 2016
In a report released on 9/30/2016 B. Riley reduced the stock price target of CalAmp Corporation (NASDAQ:CAMP) from $29.00 to $22.00 reporting a possible upside of 0.59%.
Previously on Monday August 15, 2016, First Analysis released a statement about CalAmp Corporation (NASDAQ:CAMP) reduced the target price from $21.00 to $19.00. At the time, this indicated a possible upside of 0.23%.
Just yesterday CalAmp Corporation (NASDAQ:CAMP) traded -0.55% lower at $13.86. CalAmp Corporation’s 50-day moving average is $15.25 and its 200-day moving average is $15.39. The last stock price is down 6.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 952,208 shares of CAMP traded hands, up from an average trading volume of 395,589
Recent Performance Chart
CalAmp Corporation has 52 week low of $13.01 and a 52 week high of $21.35 with a PE ratio of 58.82 and has a market capitalization of $0.
In addition to B. Riley reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is $22.56 with 4 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On CalAmp Corporation (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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.