StockNews.com initiated coverage on shares of CalAmp (NASDAQ:CAMP – Free Report) in a research report released on Wednesday. The firm issued a sell rating on the Wireless communications provider’s stock.
CalAmp Trading Up 1.0 %
Shares of NASDAQ CAMP opened at $3.85 on Wednesday. The company has a market cap of $6.36 million, a PE ratio of -0.06 and a beta of 1.97. The company has a debt-to-equity ratio of 21.58, a quick ratio of 1.35 and a current ratio of 1.69. The firm’s 50 day moving average price is $3.09 and its 200-day moving average price is $4.65. CalAmp has a 52-week low of $2.29 and a 52-week high of $51.06.
Institutional Trading of CalAmp
Institutional investors have recently added to or reduced their stakes in the business. TriaGen Wealth Management LLC lifted its holdings in shares of CalAmp by 112.9% during the fourth quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock valued at $56,000 after purchasing an additional 118,000 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in CalAmp in the 3rd quarter worth about $58,000. SG Americas Securities LLC bought a new position in CalAmp during the 1st quarter valued at about $73,000. Worth Venture Partners LLC grew its stake in shares of CalAmp by 38.7% in the third quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock worth $289,000 after acquiring an additional 198,983 shares during the period. Finally, AMH Equity Ltd purchased a new position in shares of CalAmp during the third quarter valued at approximately $320,000.
About CalAmp
CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.
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