Comtech Telecommunications Corp. (NASDAQ:CMTL – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 2,796 call options on the stock. This is an increase of 790% compared to the typical daily volume of 314 call options.
Institutional Investors Weigh In On Comtech Telecommunications
A number of hedge funds have recently made changes to their positions in CMTL. Oak Thistle LLC acquired a new stake in shares of Comtech Telecommunications in the 1st quarter valued at approximately $66,000. Virtu Financial LLC bought a new stake in shares of Comtech Telecommunications in the 1st quarter valued at $81,000. Oxford Asset Management LLP bought a new stake in shares of Comtech Telecommunications in the 4th quarter valued at $105,000. FourWorld Capital Management LLC bought a new stake in shares of Comtech Telecommunications in the 1st quarter valued at $153,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Comtech Telecommunications in the 4th quarter valued at $187,000.
Comtech Telecommunications Stock Up 87.6 %
CMTL stock opened at $4.07 on Wednesday. Comtech Telecommunications has a 12 month low of $1.53 and a 12 month high of $13.04. The firm has a market cap of $115.87 million, a P/E ratio of -2.39, a P/E/G 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.
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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