COMSovereign (NASDAQ:COMS) Stock Price Up 29.7%

COMSovereign Holding Corp. (NASDAQ:COMS)’s share price shot up 29.7% during trading on Thursday . The stock traded as high as $0.26 and last traded at $0.26. 716 shares were traded during trading, a decline of 96% from the average session volume of 19,737 shares. The stock had previously closed at $0.20.

Analyst Upgrades and Downgrades

Separately, ThinkEquity began coverage on shares of COMSovereign in a report on Monday, January 22nd. They set a “buy” rating and a $3.00 price target on the stock.

COMSovereign Stock Up 29.7 %

The firm’s 50 day moving average is $0.24 and its 200-day moving average is $0.67.

Institutional Investors Weigh In On COMSovereign

A hedge fund recently bought a new stake in COMSovereign stock. Virtu Financial LLC acquired a new stake in COMSovereign Holding Corp. (NASDAQ:COMS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 193,227 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.27% of COMSovereign at the end of the most recent quarter. Institutional investors own 6.93% of the company’s stock.

About COMSovereign

COMSovereign Holding Corp. provides various solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company offers packet microwave solutions that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations; harmony enhanced MC; fastback intelligent backhaul radio (IBR); and in-band full-duplex technology.