Shares of Communications Systems, Inc. (NASDAQ:JCS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price target of $5.00 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given Communications Systems an industry rank of 154 out of 256 based on the ratings given to related companies.
Several analysts have commented on the company. ValuEngine raised Communications Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised Communications Systems from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Friday. Finally, Northland Securities set a $5.00 price objective on Communications Systems and gave the company a “buy” rating in a research note on Tuesday, May 14th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bremer Bank National Association acquired a new position in Communications Systems during the 1st quarter worth approximately $46,000. Gabelli Funds LLC increased its position in Communications Systems by 1.1% during the 2nd quarter. Gabelli Funds LLC now owns 310,000 shares of the communications equipment provider’s stock worth $933,000 after purchasing an additional 3,500 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Communications Systems by 0.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 529,525 shares of the communications equipment provider’s stock worth $1,594,000 after purchasing an additional 4,464 shares during the period. Institutional investors own 26.33% of the company’s stock.
Shares of Communications Systems stock traded up $0.10 on Tuesday, hitting $3.80. The stock had a trading volume of 10,700 shares, compared to its average volume of 10,546. Communications Systems has a 52-week low of $2.03 and a 52-week high of $3.85. The company has a current ratio of 4.22, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01. The firm has a market cap of $35.87 million, a PE ratio of -5.35 and a beta of 0.89. The business has a 50 day moving average price of $3.25.
Communications Systems (NASDAQ:JCS) last posted its quarterly earnings data on Monday, May 6th. The communications equipment provider reported $0.03 EPS for the quarter. The firm had revenue of $16.72 million during the quarter. Communications Systems had a return on equity of 2.58% and a net margin of 1.09%. As a group, research analysts predict that Communications Systems will post 0.02 EPS for the current fiscal year.
About Communications Systems
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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