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CalAmp Corp. (NASDAQ:CAMP) target price raised to $16.00, reported today by First Analysis

Yesterday CalAmp Corp. (NASDAQ:CAMP) traded -0.55% lower at $16.41. The company’s 50-day moving average is $15.25 and its 200-day moving average is $15.39. The last stock close price is up 6.66% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 952,208 shares of the stock were exchanged, up from an average trading volume of 395,589

CalAmp Corp. (NASDAQ:CAMP) had its target price raised to $16.00 by First Analysis in a report released Friday September 30, 2016. The new target price indicates a possible downside of -0.02% based on the company's last stock close price.

Previously on 8/15/2016, First Analysis reported about CalAmp Corp. (NASDAQ:CAMP) lowered the target price from $21.00 to $19.00. At the time, this indicated a possible upside of 0.23%.

See Chart Below

CalAmp Corp. (NASDAQ:CAMP)

CalAmp Corp. has a 52 week low of $13.01 and a 52 week high of $21.35 with a P/E ratio of 58.82 The company’s market cap is currently $0.

In addition to First Analysis 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 Corp. (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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