Comtech Telecommunications (NASDAQ:CMTL) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Comtech Telecommunications Corp. (NASDAQ:CMTL)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.89 and traded as high as $5.30. Comtech Telecommunications shares last traded at $5.10, with a volume of 170,313 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CMTL shares. Zacks Research upgraded shares of Comtech Telecommunications to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comtech Telecommunications currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Comtech Telecommunications Stock Down 2.5%

The company’s 50 day simple moving average is $5.54 and its 200-day simple moving average is $3.91. The company has a current ratio of 1.70, a quick ratio of 1.27 and a debt-to-equity ratio of 2.53. The firm has a market cap of $138.37 million, a P/E ratio of -2.02 and a beta of 1.06.

Hedge Funds Weigh In On Comtech Telecommunications

Institutional investors and hedge funds have recently modified their holdings of the company. Mount Lucas Management LP increased its position in Comtech Telecommunications by 100.0% during the second quarter. Mount Lucas Management LP now owns 100,000 shares of the communications equipment provider’s stock valued at $245,000 after acquiring an additional 50,000 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Comtech Telecommunications in the third quarter worth about $92,000. Franklin Resources Inc. bought a new stake in shares of Comtech Telecommunications during the 3rd quarter valued at about $91,000. Squarepoint Ops LLC bought a new stake in shares of Comtech Telecommunications during the 3rd quarter valued at about $80,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Comtech Telecommunications by 86.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 20,726 shares during the last quarter.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.