Somewhat Positive News Coverage Somewhat Unlikely to Affect Communications Systems (JCS) Share Price
News stories about Communications Systems (NASDAQ:JCS) have been trending somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Communications Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 45.7178985219767 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Communications Systems (NASDAQ:JCS) traded down $0.34 during trading on Tuesday, reaching $3.61. The company’s stock had a trading volume of 21,675 shares, compared to its average volume of 15,437. Communications Systems has a 12 month low of $3.41 and a 12 month high of $5.40.
Several equities analysts have recently weighed in on JCS shares. Northland Securities set a $6.00 target price on Communications Systems and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Communications Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, ValuEngine raised Communications Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.
In other Communications Systems news, Director Curtis A. Sampson bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average cost of $3.97 per share, for a total transaction of $39,700.00. Following the transaction, the director now directly owns 634,636 shares in the company, valued at $2,519,504.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 19.50% of the stock is owned by company insiders.
About Communications Systems
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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