Comtech Telecommunications Corp. (NASDAQ:CMTL – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 2,970,000 shares, a decline of 6.3% from the May 31st total of 3,170,000 shares. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is presently 1.3 days.
Analyst Ratings Changes
Separately, Jefferies Financial Group upgraded shares of Comtech Telecommunications from an “underperform” rating to a “hold” rating and set a $3.50 price target on the stock in a report on Tuesday, June 25th.
Read Our Latest Stock Report on Comtech Telecommunications
Institutional Investors Weigh In On Comtech Telecommunications
Comtech Telecommunications Stock Up 6.6 %
Comtech Telecommunications stock traded up $0.20 during trading on Wednesday, reaching $3.23. 389,034 shares of the company’s stock were exchanged, compared to its average volume of 1,435,133. The company’s 50-day moving average is $2.44 and its two-hundred day moving average is $4.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.28 and a current ratio of 1.78. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $13.04. The firm has a market cap of $92.03 million, a price-to-earnings ratio of -2.29, a PEG ratio of 4.73 and a beta of 1.58.
Comtech Telecommunications Company Profile
Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.
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