CalAmp Corp. (NASDAQ:CAMP – Free Report) shares are set to reverse split on the morning of Friday, February 2nd. The 1-23 reverse split was announced on Friday, February 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 2nd.
CalAmp Stock Performance
CAMP stock opened at $0.15 on Wednesday. The firm has a market cap of $5.78 million, a price-to-earnings ratio of -0.06 and a beta of 2.06. The firm has a 50-day simple moving average of $0.26 and a two-hundred day simple moving average of $0.44. CalAmp has a one year low of $0.14 and a one year high of $4.94. The company has a debt-to-equity ratio of 21.58, a quick ratio of 1.35 and a current ratio of 1.69.
Analyst Upgrades and Downgrades
CAMP has been the subject of several analyst reports. Craig Hallum lowered shares of CalAmp from a “buy” rating to a “hold” rating and set a $0.50 price target for the company. in a research report on Friday, October 6th. Roth Mkm decreased their price target on shares of CalAmp from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, October 6th. Finally, StockNews.com initiated coverage on shares of CalAmp in a research report on Thursday, January 25th. They set a “hold” rating for the company.
Hedge Funds Weigh In On CalAmp
Hedge funds and other institutional investors have recently modified their holdings of the stock. Luminus Management LLC purchased a new position in shares of CalAmp in the 2nd quarter valued at approximately $534,000. Paradigm Capital Management Inc. NY raised its position in CalAmp by 42.4% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,287,323 shares of the Wireless communications provider’s stock worth $2,425,000 after buying an additional 681,123 shares during the last quarter. Penn Capital Management Company LLC raised its position in CalAmp by 10.1% during the 2nd quarter. Penn Capital Management Company LLC now owns 1,236,326 shares of the Wireless communications provider’s stock worth $1,311,000 after buying an additional 113,684 shares during the last quarter. AMH Equity Ltd purchased a new position in CalAmp during the 3rd quarter worth approximately $320,000. Finally, Assenagon Asset Management S.A. purchased a new position in CalAmp during the 2nd quarter worth approximately $61,000. 62.86% of the stock is owned by hedge funds and other institutional investors.
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.
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