Several other research firms also recently weighed in on CAMP. Northland Securities set a $20.00 target price on shares of CalAmp and gave the company a “buy” rating in a report on Friday, September 27th. ValuEngine upgraded shares of CalAmp from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TheStreet downgraded shares of CalAmp from a “c” rating to a “d+” rating in a report on Thursday, June 27th. Canaccord Genuity set a $24.00 target price on shares of CalAmp and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Zacks Investment Research upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $19.25.
CAMP traded down $0.22 during midday trading on Wednesday, hitting $11.10. 274,500 shares of the company were exchanged, compared to its average volume of 328,258. The company’s 50 day simple moving average is $10.90 and its 200 day simple moving average is $11.18. The firm has a market capitalization of $406.03 million, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 4.56 and a beta of 1.96. The company has a current ratio of 1.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. CalAmp has a 1-year low of $9.35 and a 1-year high of $20.22.
CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. CalAmp had a negative net margin of 1.50% and a positive return on equity of 9.04%. The business had revenue of $93.20 million during the quarter, compared to the consensus estimate of $91.50 million. During the same quarter last year, the firm earned $0.31 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that CalAmp will post 0.27 EPS for the current year.
Large investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of CalAmp in the second quarter worth $62,000. Meeder Asset Management Inc. acquired a new position in shares of CalAmp in the second quarter worth $69,000. US Bancorp DE lifted its position in shares of CalAmp by 19.2% during the 2nd quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after purchasing an additional 1,611 shares during the last quarter. Walleye Trading Advisors LLC purchased a new stake in shares of CalAmp during the 2nd quarter worth $120,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CalAmp during the 2nd quarter worth $128,000. Institutional investors and hedge funds own 76.58% of the company’s stock.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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