Communications Systems (JCS) Sets New 12-Month Low at $3.35
Communications Systems, Inc. (NASDAQ:JCS)’s share price reached a new 52-week low on Wednesday . The company traded as low as $3.35 and last traded at $3.46, with a volume of 40900 shares changing hands. The stock had previously closed at $3.58.
Separately, Zacks Investment Research raised shares of Communications Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th.
The stock has a market cap of $33.19, a PE ratio of -2.58 and a beta of 0.99.
Several hedge funds have recently modified their holdings of JCS. Gould Asset Management LLC CA bought a new position in Communications Systems in the third quarter worth about $124,000. Macquarie Group Ltd. bought a new position in Communications Systems in the third quarter worth about $119,000. Finally, Ameriprise Financial Inc. lifted its holdings in Communications Systems by 33.7% in the second quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock worth $129,000 after acquiring an additional 7,514 shares during the last quarter. 32.13% of the stock is currently owned by institutional investors and hedge funds.
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Communications Systems Company Profile
Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.
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