StockNews.com Initiates Coverage on CalAmp (NASDAQ:CAMP)

Research analysts at StockNews.com began coverage on shares of CalAmp (NASDAQ:CAMP) in a report issued on Sunday. The firm set a “sell” rating on the Wireless communications provider’s stock.

CalAmp Price Performance

NASDAQ:CAMP opened at $0.66 on Friday. The firm has a market cap of $1.09 million, a PE ratio of -0.01 and a beta of 1.89. The company has a 50-day moving average of $3.07 and a 200 day moving average of $3.97. CalAmp has a 1-year low of $0.65 and a 1-year high of $48.76.

Hedge Funds Weigh In On CalAmp

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of CalAmp during the first quarter valued at about $73,000. TriaGen Wealth Management LLC increased its holdings in shares of CalAmp by 112.9% during the 4th quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock valued at $56,000 after purchasing an additional 118,000 shares in the last quarter. Worth Venture Partners LLC increased its holdings in shares of CalAmp by 38.7% during the 3rd quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock valued at $289,000 after purchasing an additional 198,983 shares in the last quarter. Luminus Management LLC increased its holdings in shares of CalAmp by 234.8% during the 3rd quarter. Luminus Management LLC now owns 1,686,873 shares of the Wireless communications provider’s stock valued at $684,000 after purchasing an additional 1,183,023 shares in the last quarter. Finally, AIGH Capital Management LLC increased its holdings in shares of CalAmp by 46.9% during the 3rd quarter. AIGH Capital Management LLC now owns 3,017,151 shares of the Wireless communications provider’s stock valued at $1,224,000 after purchasing an additional 963,594 shares in the last quarter.

CalAmp Company Profile

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.