Comtech Telecommunications (NASDAQ:CMTL) Stock 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 Friday . The stock has a 200-day moving average of $3.47 and traded as high as $5.95. Comtech Telecommunications shares last traded at $5.86, with a volume of 151,475 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMTL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Comtech Telecommunications in a report on Wednesday, January 21st. Zacks Research raised shares of Comtech Telecommunications to a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Comtech Telecommunications Price Performance

The company has a market cap of $173.63 million, a price-to-earnings ratio of -2.54 and a beta of 1.07. The company has a current ratio of 1.70, a quick ratio of 1.27 and a debt-to-equity ratio of 2.53. The company has a fifty day moving average price of $5.05 and a two-hundred day moving average price of $3.47.

Institutional Investors Weigh In On Comtech Telecommunications

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew 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 worth $1,792,000 after purchasing an additional 3,411 shares during the last quarter. UBS Group AG raised its position in Comtech Telecommunications by 1.8% in the 3rd quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock valued at $611,000 after purchasing an additional 4,157 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Comtech Telecommunications in the fourth quarter worth $26,000. Cetera Investment Advisers grew its holdings in shares of Comtech Telecommunications by 25.9% during the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock worth $62,000 after purchasing an additional 5,192 shares during the last quarter. Finally, Mount Lucas Management LP increased its stake in shares of 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 valued at $277,000 after buying an additional 7,400 shares in the last quarter.

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.