Communications Systems, Inc. (NASDAQ:JCS) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,900 shares, a growth of 129.4% from the April 30th total of 1,700 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
A hedge fund recently bought a new stake in Communications Systems stock. Bremer Bank National Association acquired a new stake in Communications Systems, Inc. (NASDAQ:JCS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,150 shares of the communications equipment provider’s stock, valued at approximately $46,000. Bremer Bank National Association owned 0.17% of Communications Systems at the end of the most recent quarter. 26.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on JCS shares. ValuEngine downgraded Communications Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Northland Securities set a $5.00 price target on Communications Systems and gave the company a “buy” rating in a report on Tuesday, May 14th.
JCS traded up $0.07 on Monday, reaching $3.08. The company’s stock had a trading volume of 100 shares, compared to its average volume of 7,047. The business has a 50 day simple moving average of $2.85. The company has a quick ratio of 2.64, a current ratio of 4.22 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $28.04 million, a P/E ratio of -4.24 and a beta of 0.89. Communications Systems has a fifty-two week low of $2.03 and a fifty-two week high of $4.23.
Communications Systems (NASDAQ:JCS) last announced its quarterly earnings results on Monday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $16.72 million during the quarter. Communications Systems had a negative return on equity of 10.14% and a negative net margin of 7.14%. On average, research analysts forecast that Communications Systems will post 0.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, June 13th. Communications Systems’s dividend payout ratio (DPR) is -11.27%.
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About Communications Systems
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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