CalAmp (NASDAQ:CAMP) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of CalAmp (NASDAQ:CAMP) in a research report report published on Wednesday morning. The brokerage issued a sell rating on the Wireless communications provider’s stock.

CalAmp Stock Performance

Shares of CAMP opened at $3.85 on Wednesday. The stock has a 50 day moving average of $3.09 and a 200 day moving average of $4.65. The company has a market capitalization of $6.36 million, a price-to-earnings ratio of -0.06 and a beta of 1.97. CalAmp has a 12 month low of $2.29 and a 12 month high of $51.06. The company has a current ratio of 1.69, a quick ratio of 1.35 and a debt-to-equity ratio of 21.58.

Institutional Investors Weigh In On CalAmp

Hedge funds have recently made changes to their positions in the business. AMH Equity Ltd purchased a new stake in CalAmp during the third quarter worth about $320,000. SG Americas Securities LLC purchased a new stake in shares of CalAmp during the 1st quarter worth approximately $73,000. TriaGen Wealth Management LLC raised its holdings in shares of CalAmp by 112.9% in the 4th quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock worth $56,000 after purchasing an additional 118,000 shares during the period. Worth Venture Partners LLC lifted its stake in CalAmp by 38.7% in the third quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock valued at $289,000 after purchasing an additional 198,983 shares during the last quarter. Finally, Luminus Management LLC grew its holdings in CalAmp by 234.8% during the third quarter. Luminus Management LLC now owns 1,686,873 shares of the Wireless communications provider’s stock valued at $684,000 after purchasing an additional 1,183,023 shares during the period.

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.