Comtech Telecommunications (NASDAQ:CMTL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.20 and traded as high as $6.16. Comtech Telecommunications shares last traded at $5.88, with a volume of 345,300 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMTL. Zacks Research upgraded shares of Comtech Telecommunications to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Comtech Telecommunications in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Comtech Telecommunications currently has an average rating of “Hold” and an average target price of $6.00.

Comtech Telecommunications Trading Down 1.2%

The business has a fifty day moving average price of $4.43 and a 200-day moving average price of $3.20. The company has a quick ratio of 1.27, a current ratio of 1.70 and a debt-to-equity ratio of 2.53. The company has a market cap of $174.22 million, a P/E ratio of -2.55 and a beta of 1.06.

Hedge Funds Weigh In On Comtech Telecommunications

Several institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC acquired a new stake in Comtech Telecommunications in the 3rd quarter worth about $39,000. Covestor Ltd bought a new position in shares of Comtech Telecommunications during the third quarter worth approximately $53,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Comtech Telecommunications in the first quarter valued at approximately $59,000. Cetera Investment Advisers raised its position in shares of Comtech Telecommunications by 25.9% in the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock valued at $62,000 after buying an additional 5,192 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Comtech Telecommunications by 86.8% in the first quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after buying an additional 20,726 shares during the period.

About Comtech Telecommunications

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.