Cambium Networks Co. (NASDAQ:CMBM – Get Free Report)’s stock price rose 3% during trading on Friday . The stock traded as high as $0.79 and last traded at $0.79. Approximately 44,797 shares were traded during trading, a decline of 70% from the average daily volume of 149,195 shares. The stock had previously closed at $0.76.
Cambium Networks Stock Up 3.0 %
The firm has a market capitalization of $22.24 million, a price-to-earnings ratio of -0.26 and a beta of 1.18. The company’s fifty day moving average is $1.02 and its two-hundred day moving average is $1.18.
Institutional Investors Weigh In On Cambium Networks
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMBM. XTX Topco Ltd bought a new position in Cambium Networks during the fourth quarter worth about $27,000. Jane Street Group LLC raised its position in shares of Cambium Networks by 216.9% during the fourth quarter. Jane Street Group LLC now owns 68,084 shares of the company’s stock worth $44,000 after purchasing an additional 46,602 shares during the period. RBF Capital LLC lifted its holdings in shares of Cambium Networks by 28.5% during the 3rd quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock valued at $397,000 after purchasing an additional 48,077 shares in the last quarter. Squarepoint Ops LLC increased its stake in Cambium Networks by 467.2% during the 4th quarter. Squarepoint Ops LLC now owns 81,844 shares of the company’s stock worth $53,000 after purchasing an additional 67,414 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Cambium Networks by 88.0% during the 4th quarter. Millennium Management LLC now owns 175,802 shares of the company’s stock worth $113,000 after buying an additional 82,299 shares during the period. Institutional investors own 87.17% of the company’s stock.
Cambium Networks Company Profile
Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.
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