CalAmp Corp. (NASDAQ:CAMP)’s share price was up 5.4% during trading on Monday . The company traded as high as $10.83 and last traded at $10.81, approximately 148,019 shares traded hands during trading. A decline of 43% from the average daily volume of 260,605 shares. The stock had previously closed at $10.26.
Several equities analysts have weighed in on the company. ValuEngine raised CalAmp from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub upgraded CalAmp from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Northland Securities reissued a “buy” rating on shares of CalAmp in a report on Tuesday, September 3rd. TheStreet cut CalAmp from a “c” rating to a “d+” rating in a research report on Thursday, June 27th. Finally, Goldman Sachs Group downgraded CalAmp from a “neutral” rating to a “sell” rating and dropped their price target for the company from $13.00 to $11.00 in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.38.
The business’s 50 day moving average is $10.25 and its 200-day moving average is $11.79. The firm has a market capitalization of $363.54 million, a P/E ratio of 15.44, a PEG ratio of 3.33 and a beta of 1.97. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01.
CalAmp (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, June 27th. The Wireless communications provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.18). CalAmp had a net margin of 0.33% and a return on equity of 11.85%. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $86.91 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Research analysts forecast that CalAmp Corp. will post 0.33 EPS for the current fiscal year.
In other CalAmp news, Director Larry J. Wolfe purchased 50,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was bought at an average price of $11.33 per share, with a total value of $566,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. lifted its holdings in shares of CalAmp by 9.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock worth $186,000 after acquiring an additional 1,260 shares during the last quarter. US Bancorp DE grew its position in CalAmp by 19.2% during the 2nd quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after acquiring an additional 1,611 shares during the last quarter. Royce & Associates LP acquired a new position in CalAmp in the 1st quarter worth about $26,000. Bbva USA Bancshares Inc. increased its holdings in CalAmp by 14.3% in the 2nd quarter. Bbva USA Bancshares Inc. now owns 16,883 shares of the Wireless communications provider’s stock worth $197,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Cadence Capital Management LLC raised its position in CalAmp by 1.8% in the first quarter. Cadence Capital Management LLC now owns 156,940 shares of the Wireless communications provider’s stock valued at $1,974,000 after purchasing an additional 2,736 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.
About CalAmp (NASDAQ:CAMP)
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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