Zacks Investment Research upgraded CalAmp Corp. (NASDAQ:CAMP) to Hold in a report released today.
- Updated: November 30, 2016
Zacks Investment Research has upgraded CalAmp Corp. (NASDAQ:CAMP) to Hold in a report released on 11/30/2016.
Previously on Wednesday December 23, 2015, Canaccord Genuity reported on CalAmp Corp. (NASDAQ:CAMP) raised the target price from $26.00 to $27.00. At the time, this indicated a possible upside of 0%.
Yesterday CalAmp Corp. (NASDAQ:CAMP) traded -2.74% lower at $14.54. The company’s 50-day moving average is $13.83 and its 200-day moving average is $14.53. The last closing price is up 0.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 314,421 shares of the stock were exchanged, down from an average trading volume of 518,150
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CalAmp Corp. has a 52 week low of $12.13 and a 52 week high of $21.35 with a P/E ratio of 75.34 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $22.56 with 4 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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