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

StockNews.com assumed coverage on shares of CalAmp (NASDAQ:CAMP – Get Rating) in a research note released on Thursday. The firm issued a hold rating on the Wireless communications provider’s stock.

Separately, Craig Hallum dropped their price target on CalAmp from $10.00 to $4.00 in a research report on Friday, April 28th.

CalAmp Trading Down 6.2 %

Shares of CAMP stock opened at $1.66 on Thursday. CalAmp has a 52-week low of $1.61 and a 52-week high of $7.44. The stock’s 50-day moving average price is $2.73 and its 200 day moving average price is $3.65. The company has a debt-to-equity ratio of 15.90, a quick ratio of 1.42 and a current ratio of 1.64.

Institutional Investors Weigh In On CalAmp

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its holdings in CalAmp by 73.6% in the 4th quarter. Citigroup Inc. now owns 6,949 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 2,946 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in CalAmp in the 3rd quarter valued at approximately $43,000. PNC Financial Services Group Inc. boosted its holdings in CalAmp by 74.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,615 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 4,962 shares in the last quarter. Barclays PLC boosted its holdings in CalAmp by 44.2% in the 3rd quarter. Barclays PLC now owns 13,600 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 4,169 shares in the last quarter. Finally, Acrisure Capital Management LLC purchased a new stake in CalAmp in the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.

CalAmp Company Profile

(Get Rating)

CalAmp Corp. engages in the provision of wireless access and computer technologies. It operates through the Software and Subscription Services, and Telematics Products segments. The Software and Subscription Services segment offers solutions consisting of telematics devices bundled with cloud-based application enablement and telematics services.