Zacks Investment Research downgraded CalAmp Corp. (NASDAQ:CAMP) to Strong Sell in a report released today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded CalAmp Corp. (NASDAQ:CAMP) to Strong Sell in a report released on 10/05/2016.
Yesterday CalAmp Corp. (NASDAQ:CAMP) traded 2.44% higher at $13.53. The company’s 50-day moving average is $15.10 and its 200-day moving average is $15.22. The last stock close price is down -8.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 690,867 shares of the stock were exchanged, up from an average trading volume of 511,643
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CalAmp Corp. has a 52 week low of $13.01 and a 52 week high of $21.35 with a P/E ratio of 71.81 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on CalAmp Corp.. The 12-month price target is $22.56 with four analysts rating the company a strong buy, six analysts rating the company a buy, one broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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