Comtech Telecommunications (NASDAQ:CMTL) Rating Increased to Sell at StockNews.com

Comtech Telecommunications (NASDAQ:CMTL) was upgraded by StockNews.com to a “sell” rating in a report issued on Tuesday.

Separately, B. Riley lowered their price target on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a report on Monday, November 4th.

Comtech Telecommunications Trading Up 4.9 %

Comtech Telecommunications stock opened at $4.03 on Tuesday. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $8.71. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. The firm has a market capitalization of $117.37 million, a price-to-earnings ratio of -0.86 and a beta of 1.57. The company has a 50 day moving average price of $3.33 and a 200 day moving average price of $3.36.

Institutional Trading of Comtech Telecommunications

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd purchased a new stake in Comtech Telecommunications in the 3rd quarter worth approximately $28,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Comtech Telecommunications in the second quarter worth $31,000. Point72 DIFC Ltd acquired a new position in shares of Comtech Telecommunications in the second quarter worth $37,000. 272 Capital LP purchased a new stake in shares of Comtech Telecommunications during the third quarter worth $94,000. Finally, B. Riley Financial Inc. acquired a new stake in Comtech Telecommunications during the third quarter valued at $155,000.

About Comtech Telecommunications

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.