Comtech Telecommunications Corp. (NASDAQ:CMTL – Get Free Report) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,650,000 shares, a growth of 28.9% from the February 13th total of 1,280,000 shares. Based on an average daily trading volume, of 569,000 shares, the short-interest ratio is currently 2.9 days. Currently, 5.8% of the shares of the stock are sold short.
Comtech Telecommunications Price Performance
Comtech Telecommunications stock traded down $0.09 during midday trading on Tuesday, reaching $2.00. The company had a trading volume of 87,411 shares, compared to its average volume of 985,072. Comtech Telecommunications has a 12-month low of $1.53 and a 12-month high of $5.16. The firm’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $3.14. The company has a market capitalization of $58.55 million, a P/E ratio of -0.20 and a beta of 1.55.
Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The communications equipment provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01). The company had revenue of $126.57 million during the quarter, compared to analyst estimates of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. On average, analysts expect that Comtech Telecommunications will post -2.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Comtech Telecommunications to a “sell” rating in a report on Thursday, January 2nd.
Get Our Latest Research Report on Comtech Telecommunications
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.
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