StockNews.com Begins Coverage on CalAmp (NASDAQ:CAMP)

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

CalAmp Trading Up 3.1 %

NASDAQ:CAMP opened at $3.37 on Friday. The company’s 50-day simple moving average is $3.33 and its 200 day simple moving average is $4.46. The firm has a market capitalization of $5.56 million, a P/E ratio of -0.05 and a beta of 1.97. CalAmp has a one year low of $2.29 and a one year high of $50.14. The company has a debt-to-equity ratio of 21.58, a current ratio of 1.69 and a quick ratio of 1.35.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CAMP. Landscape Capital Management L.L.C. purchased a new position in shares of CalAmp during the third quarter valued at approximately $58,000. AIGH Capital Management LLC raised its holdings in shares of CalAmp by 46.9% during the third quarter. AIGH Capital Management LLC now owns 3,017,151 shares of the Wireless communications provider’s stock valued at $1,224,000 after purchasing an additional 963,594 shares during the last quarter. Luminus Management LLC raised its holdings in shares of 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 last quarter. Worth Venture Partners LLC raised its holdings in shares of CalAmp by 38.7% during 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, TriaGen Wealth Management LLC raised its holdings in shares of CalAmp by 112.9% during the fourth quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock valued at $56,000 after purchasing an additional 118,000 shares during the last quarter.

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.