Shares of Communications Systems, Inc. (NASDAQ:JCS) were up 9.1% during mid-day trading on Friday . The stock traded as high as $6.85 and last traded at $6.61, approximately 115,739 shares changed hands during mid-day trading. An increase of 371% from the average daily volume of 24,592 shares. The stock had previously closed at $6.06.
A number of research analysts have weighed in on JCS shares. TheStreet raised shares of Communications Systems from a “d+” rating to a “c-” rating in a research report on Friday, August 16th. Zacks Investment Research raised shares of Communications Systems from a “hold” rating to a “strong-buy” rating and set a $4.75 target price for the company in a research report on Friday, August 16th. Finally, ValuEngine lowered shares of Communications Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.
The company has a debt-to-equity ratio of 0.01, a current ratio of 4.33 and a quick ratio of 3.41. The firm has a market cap of $55.04 million, a P/E ratio of -9.31 and a beta of 0.85. The stock’s 50 day moving average is $4.83 and its two-hundred day moving average is $3.79.
Communications Systems (NASDAQ:JCS) last posted its earnings results on Thursday, October 31st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.12. Communications Systems had a net margin of 5.80% and a return on equity of 10.00%. The firm had revenue of $18.22 million during the quarter, compared to analyst estimates of $18.10 million. As a group, research analysts forecast that Communications Systems, Inc. will post 0.3 EPS for the current fiscal year.
In related news, VP Scott Fluegge sold 5,489 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $6.27, for a total transaction of $34,416.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 9,664 shares of company stock valued at $59,174. 21.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley purchased a new stake in Communications Systems during the second quarter valued at about $48,000. Gabelli Funds LLC lifted its holdings in Communications Systems by 1.1% during the second quarter. Gabelli Funds LLC now owns 310,000 shares of the communications equipment provider’s stock valued at $933,000 after purchasing an additional 3,500 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Communications Systems by 1.5% during the second quarter. Renaissance Technologies LLC now owns 513,711 shares of the communications equipment provider’s stock valued at $1,546,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Communications Systems by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 529,525 shares of the communications equipment provider’s stock valued at $1,594,000 after purchasing an additional 4,464 shares during the last quarter. Institutional investors own 25.89% of the company’s stock.
Communications Systems Company Profile (NASDAQ:JCS)
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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