Globecomm Systems (GCOM) Announces Quarterly Earnings
Globecomm Systems (NASDAQ:GCOM) announced its earnings results on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, Stock Ratings Network.com reports.
Several analysts have recently commented on the stock. Analysts at Dougherty & Co downgraded shares of Globecomm Systems (NASDAQ:GCOM) to a “sell” rating in a research note to investors on Wednesday, August 28th. On a related note, analysts at Noble Financial downgraded shares of Globecomm Systems (NASDAQ:GCOM) to a “sell” rating in a research note to investors on Tuesday, August 27th. Finally, analysts at Sidoti downgraded shares of Globecomm Systems (NASDAQ:GCOM) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 26th.
Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.63.
Shares of Globecomm Systems (NASDAQ:GCOM) remained flat at $13.93 during during mid-day trading trading on Friday. The stock had a trading volume of 73,173 shares. Globecomm Systems has a one year low of $10.11 and a one year high of $14.91. The stock has a 50-day moving average of $14.17 and a 200-day moving average of $13.04. The company has a market cap of $329.5 million and a P/E ratio of 18.11.
In other Globecomm Systems news, CEO David E. Hershberg sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $13.94, for a total value of $69,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Globecomm Systems Inc (NASDAQ:GCOM) provides satellite-based managed network solutions.
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