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

Analysts at StockNews.com initiated coverage on shares of CalAmp (NASDAQ:CAMP) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

CalAmp Stock Performance

CAMP traded up $0.04 on Wednesday, reaching $3.85. 17,054 shares of the stock were exchanged, compared to its average volume of 108,464. The company’s 50-day moving average price is $3.09 and its 200 day moving average price is $4.65. The company has a debt-to-equity ratio of 21.58, a current ratio of 1.69 and a quick ratio of 1.35. The firm has a market capitalization of $6.36 million, a PE ratio of -0.06 and a beta of 1.97. CalAmp has a fifty-two week low of $2.29 and a fifty-two week high of $51.06.

Hedge Funds Weigh In On CalAmp

Several hedge funds and other institutional investors have recently bought and sold shares of CAMP. AMH Equity Ltd purchased a new stake in shares of CalAmp in the 3rd quarter valued at $320,000. Landscape Capital Management L.L.C. acquired a new position in CalAmp during the third quarter valued at $58,000. AIGH Capital Management LLC grew its position in 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 worth $1,224,000 after purchasing an additional 963,594 shares during the period. Luminus Management LLC lifted its holdings in shares of CalAmp by 234.8% in the 3rd quarter. Luminus Management LLC now owns 1,686,873 shares of the Wireless communications provider’s stock valued at $684,000 after buying an additional 1,183,023 shares during the period. Finally, Worth Venture Partners LLC boosted its stake in shares of CalAmp by 38.7% in the third quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock worth $289,000 after buying an additional 198,983 shares during the last quarter.

About CalAmp

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.