Comtech Telecommunications Corp. (NASDAQ:CMTL – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 2,796 call options on the stock. This represents an increase of 790% compared to the typical daily volume of 314 call options.
Comtech Telecommunications Trading Up 87.6 %
Comtech Telecommunications stock opened at $4.07 on Wednesday. The stock has a market cap of $115.87 million, a price-to-earnings ratio of -2.39, a PEG ratio of 1.89 and a beta of 1.64. The company’s 50-day moving average price is $2.13 and its two-hundred day moving average price is $5.10. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $13.04.
Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) last announced its quarterly earnings data on Monday, March 18th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.45). The business had revenue of $134.23 million during the quarter, compared to analyst estimates of $152.85 million. Comtech Telecommunications had a negative return on equity of 0.25% and a negative net margin of 4.02%. Research analysts expect that Comtech Telecommunications will post 0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Comtech Telecommunications
About Comtech Telecommunications
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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