StockNews.com Begins Coverage on CalAmp (NASDAQ:CAMP)

Analysts at StockNews.com initiated coverage on shares of CalAmp (NASDAQ:CAMP) in a report released on Wednesday. The firm set a “sell” rating on the Wireless communications provider’s stock.

CalAmp Stock Performance

NASDAQ CAMP traded up $0.04 during trading hours on Wednesday, reaching $3.85. 17,054 shares of the company were exchanged, compared to its average volume of 108,464. CalAmp has a 1 year low of $2.29 and a 1 year high of $51.06. The business’s 50 day simple moving average is $3.09 and its 200-day simple moving average is $4.65. The company has a quick ratio of 1.35, a current ratio of 1.69 and a debt-to-equity ratio of 21.58. The stock has a market capitalization of $6.36 million, a P/E ratio of -0.06 and a beta of 1.97.

Hedge Funds Weigh In On CalAmp

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in CalAmp during the first quarter valued at approximately $73,000. TriaGen Wealth Management LLC lifted its holdings in shares of CalAmp by 112.9% in the 4th quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock worth $56,000 after acquiring an additional 118,000 shares during the last quarter. Worth Venture Partners LLC lifted its holdings in shares of CalAmp by 38.7% in the 3rd quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock worth $289,000 after acquiring an additional 198,983 shares during the last quarter. Luminus Management LLC lifted its holdings in shares of CalAmp by 234.8% in the 3rd quarter. Luminus Management LLC now owns 1,686,873 shares of the Wireless communications provider’s stock worth $684,000 after acquiring an additional 1,183,023 shares during the last quarter. Finally, AIGH Capital Management LLC lifted its holdings in shares of CalAmp by 46.9% in the 3rd quarter. AIGH Capital Management LLC now owns 3,017,151 shares of the Wireless communications provider’s stock worth $1,224,000 after acquiring an additional 963,594 shares during the last quarter.

CalAmp Company Profile

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.