Comtech Telecommunications (NASDAQ:CMTL) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.54 and traded as high as $3.51. Comtech Telecommunications shares last traded at $3.29, with a volume of 301,204 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Comtech Telecommunications from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a research note on Wednesday, October 8th. Finally, Zacks Research raised Comtech Telecommunications to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Comtech Telecommunications has a consensus rating of “Hold” and an average target price of $6.00.

Comtech Telecommunications Stock Up 1.2%

The firm has a market cap of $97.48 million, a PE ratio of -0.47 and a beta of 1.15. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.27 and a current ratio of 1.71. The firm’s 50-day moving average price is $3.04 and its two-hundred day moving average price is $2.54.

Comtech Telecommunications (NASDAQ:CMTL) last posted its earnings results on Wednesday, June 21st. The communications equipment provider reported $0.25 EPS for the quarter. Comtech Telecommunications had a negative net margin of 31.09% and a negative return on equity of 11.69%. The firm had revenue of $122.12 million for the quarter. As a group, equities research analysts expect that Comtech Telecommunications Corp. will post -2.38 EPS for the current fiscal year.

Institutional Trading of Comtech Telecommunications

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cresset Asset Management LLC purchased a new position in Comtech Telecommunications during the 3rd quarter worth approximately $39,000. Covestor Ltd purchased a new stake in Comtech Telecommunications in the third quarter valued at approximately $53,000. Cetera Investment Advisers boosted its holdings in shares of Comtech Telecommunications by 25.9% in the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock valued at $62,000 after acquiring an additional 5,192 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Comtech Telecommunications in the third quarter valued at approximately $80,000. Finally, Franklin Resources Inc. purchased a new position in shares of Comtech Telecommunications during the third quarter worth approximately $91,000.

About Comtech Telecommunications

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.