Communications Systems, Inc. (NASDAQ:JCS) was up 5.5% on Thursday . The company traded as high as $7.44 and last traded at $7.25, approximately 112,253 shares traded hands during mid-day trading. An increase of 307% from the average daily volume of 27,579 shares. The stock had previously closed at $6.87.
A number of analysts recently weighed in on JCS shares. ValuEngine downgraded Communications Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. TheStreet upgraded Communications Systems from a “d+” rating to a “c-” rating in a report on Friday, August 16th. Finally, Zacks Investment Research upgraded Communications Systems from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective for the company in a report on Friday, August 16th.
The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.19 and a current ratio of 4.33. The stock has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $3.89. The stock has a market capitalization of $64.78 million, a price-to-earnings ratio of -10.21 and a beta of 0.85.
Communications Systems (NASDAQ:JCS) last issued its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.12. Communications Systems had a return on equity of 10.00% and a net margin of 5.80%. The firm had revenue of $18.22 million during the quarter, compared to the consensus estimate of $18.10 million. Research analysts forecast that Communications Systems, Inc. will post 0.3 earnings per share for the current year.
In other Communications Systems news, VP Scott Fluegge sold 5,489 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $6.27, for a total transaction of $34,416.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 9,664 shares of company stock valued at $59,174. Company insiders own 21.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL grew its holdings in Communications Systems by 25.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 663,568 shares of the communications equipment provider’s stock worth $3,033,000 after acquiring an additional 134,043 shares during the period. Renaissance Technologies LLC grew its holdings in Communications Systems by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 513,711 shares of the communications equipment provider’s stock worth $1,546,000 after acquiring an additional 7,800 shares during the period. Gabelli Funds LLC grew its holdings in Communications Systems by 3.7% during the 3rd quarter. Gabelli Funds LLC now owns 321,500 shares of the communications equipment provider’s stock worth $1,469,000 after acquiring an additional 11,500 shares during the period. Finally, Morgan Stanley acquired a new stake in Communications Systems during the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 27.56% of the company’s stock.
Communications Systems Company Profile (NASDAQ:JCS)
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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