Comtech Telecommunications (NASDAQ:CMTL) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Comtech Telecommunications Corp. (NASDAQ:CMTL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.34 and traded as high as $5.09. Comtech Telecommunications shares last traded at $4.98, with a volume of 457,912 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Comtech Telecommunications from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

Comtech Telecommunications Stock Up 4.0%

The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 3.22. The firm’s 50 day simple moving average is $3.80 and its two-hundred day simple moving average is $4.34. The firm has a market cap of $148.06 million, a price-to-earnings ratio of -2.23 and a beta of 1.22.

Comtech Telecommunications (NASDAQ:CMTL) last issued its earnings results on Monday, March 16th. The communications equipment provider reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.12. The company had revenue of $106.76 million during the quarter, compared to analysts’ expectations of $113.85 million. Comtech Telecommunications had a net margin of 2.60% and a return on equity of 50.25%. On average, equities analysts forecast that Comtech Telecommunications Corp. will post -0.91 EPS for the current year.

Hedge Funds Weigh In On Comtech Telecommunications

Several hedge funds and other institutional investors have recently made changes to their positions in CMTL. Dynamic Technology Lab Private Ltd acquired a new position in shares of Comtech Telecommunications in the 1st quarter valued at approximately $59,000. Goldman Sachs Group Inc. raised its position in shares of Comtech Telecommunications by 86.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after buying an additional 20,726 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Comtech Telecommunications by 25.9% in the 2nd quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock valued at $62,000 after buying an additional 5,192 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Comtech Telecommunications by 87.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 117,965 shares of the communications equipment provider’s stock valued at $289,000 after buying an additional 54,879 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Comtech Telecommunications by 15.4% in the 2nd quarter. Marshall Wace LLP now owns 269,932 shares of the communications equipment provider’s stock valued at $661,000 after buying an additional 36,069 shares in the last quarter.

About Comtech Telecommunications

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.