Cambium Networks (NASDAQ:CMBM) Stock Price Up 3% – Time to Buy?

Shares of Cambium Networks Co. (NASDAQ:CMBM) were up 3% during mid-day trading on Friday . The company traded as high as $0.79 and last traded at $0.79. Approximately 44,797 shares traded hands during trading, a decline of 70% from the average daily volume of 149,195 shares. The stock had previously closed at $0.76.

Cambium Networks Trading Up 3.0 %

The stock has a market cap of $22.24 million, a price-to-earnings ratio of -0.26 and a beta of 1.18. The company has a 50 day simple moving average of $1.02 and a 200-day simple moving average of $1.18.

Institutional Investors Weigh In On Cambium Networks

Several institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Cambium Networks in the fourth quarter worth $27,000. Jane Street Group LLC boosted its holdings in shares of Cambium Networks by 216.9% in the 4th quarter. Jane Street Group LLC now owns 68,084 shares of the company’s stock valued at $44,000 after buying an additional 46,602 shares during the last quarter. RBF Capital LLC grew its stake in shares of Cambium Networks by 28.5% in the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock valued at $397,000 after buying an additional 48,077 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Cambium Networks by 467.2% during the fourth quarter. Squarepoint Ops LLC now owns 81,844 shares of the company’s stock worth $53,000 after buying an additional 67,414 shares during the last quarter. Finally, Millennium Management LLC raised its position in Cambium Networks by 88.0% during the fourth quarter. Millennium Management LLC now owns 175,802 shares of the company’s stock worth $113,000 after acquiring an additional 82,299 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.