CalAmp (NASDAQ:CAMP) Shares Up 5.4%

CalAmp Corp. (NASDAQ:CAMP)’s share price traded up 5.4% during mid-day trading on Monday . The stock traded as high as $10.83 and last traded at $10.81, 148,019 shares traded hands during mid-day trading. A decline of 43% from the average session volume of 260,605 shares. The stock had previously closed at $10.26.

A number of equities research analysts have recently commented on CAMP shares. Zacks Investment Research raised CalAmp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. BidaskClub upgraded CalAmp from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Goldman Sachs Group cut CalAmp from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, May 29th. TheStreet downgraded shares of CalAmp from a “c” rating to a “d+” rating in a report on Thursday, June 27th. Finally, Northland Securities reaffirmed a “buy” rating on shares of CalAmp in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.38.

The company has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $11.79. The stock has a market cap of $363.54 million, a price-to-earnings ratio of 15.44, a P/E/G ratio of 3.33 and a beta of 1.97. The company has a current ratio of 1.60, a quick ratio of 1.40 and a debt-to-equity ratio of 1.01.

CalAmp (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The firm had revenue of $89.10 million during the quarter, compared to the consensus estimate of $86.91 million. CalAmp had a net margin of 0.33% and a return on equity of 11.85%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. Equities analysts forecast that CalAmp Corp. will post 0.33 earnings per share for the current fiscal year.

In other CalAmp news, Director Larry J. Wolfe acquired 50,000 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were bought at an average cost of $11.33 per share, for a total transaction of $566,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Royce & Associates LP bought a new position in shares of CalAmp in the 1st quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of CalAmp in the second quarter valued at about $62,000. Meeder Asset Management Inc. bought a new stake in CalAmp during the second quarter worth about $69,000. US Bancorp DE raised its holdings in CalAmp by 19.2% during the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Walleye Trading Advisors LLC acquired a new position in CalAmp during the second quarter valued at approximately $120,000. Institutional investors own 78.24% of the company’s stock.

About CalAmp (NASDAQ:CAMP)

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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