COBHAM (CBHMY) Rating Lowered to Sell at Zacks Investment Research

COBHAM (OTCMKTS:CBHMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Cobham Plc is engaged in designing and manufacturing equipment as well as components for defence and security, aerospace, space, marine and electronic industries. It primarily operates through segments which include Communications and Connectivity, Advanced Electronic Solutions, Mission Systems and Aviation Services. The Communications and Connectivity segment provides communication equipment, law enforcement and national security solutions and satellite communication equipment for land, sea and air applications. The Advanced Electronic Solutions segment provides technology and solutions for intelligence operations and systems to communicate on land, sea and air. The Mission Systems segment provides safety and survival systems for environments, weapons carriage and equipment for fast jets, transport aircraft, rotor craft, remote controlled robots and bomb disposal vehicles for military application. The Aviation Services segment provides outsourced aviation services for military and civil customers as well as “

Shares of COBHAM (CBHMY) traded up $0.06 during midday trading on Wednesday, hitting $3.52. 4,700 shares of the stock traded hands, compared to its average volume of 2,500. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.04 and a current ratio of 1.54. COBHAM has a one year low of $2.75 and a one year high of $4.44.

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About COBHAM

Cobham plc provides a range of technologies and services to commercial, defense, and security markets in the United Kingdom, the United States, Other European countries, Australia, andinternationally. The company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services.

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