Comtech Telecommunications (NASDAQ:CMTL) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Comtech Telecommunications Corp. (NASDAQ:CMTL) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.77 and traded as high as $5.15. Comtech Telecommunications shares last traded at $5.12, with a volume of 149,285 shares changing hands.

Wall Street Analyst Weigh In

CMTL has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Comtech Telecommunications in a report on Wednesday, January 21st. Zacks Research upgraded shares of Comtech Telecommunications to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.00.

Comtech Telecommunications Stock Down 2.3%

The business’s 50 day moving average is $5.54 and its 200 day moving average is $3.77. 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 $151.71 million, a P/E ratio of -2.22 and a beta of 1.06.

Hedge Funds Weigh In On Comtech Telecommunications

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMTL. Geode Capital Management LLC boosted its holdings in shares of Comtech Telecommunications by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock valued at $1,792,000 after buying an additional 3,411 shares in the last quarter. UBS Group AG lifted its position in Comtech Telecommunications by 1.8% during the third quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock valued at $611,000 after acquiring an additional 4,157 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Comtech Telecommunications in the fourth quarter valued at approximately $26,000. Cetera Investment Advisers boosted its stake in 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 acquiring an additional 5,192 shares in the last quarter. Finally, Mount Lucas Management LP grew its holdings in Comtech Telecommunications by 7.4% in the third quarter. Mount Lucas Management LP now owns 107,400 shares of the communications equipment provider’s stock worth $277,000 after purchasing an additional 7,400 shares during the last quarter.

Comtech Telecommunications Company Profile

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.