Point72 Asia Singapore Pte. Ltd. Takes $88,000 Position in Comtech Telecommunications Corp. (NASDAQ:CMTL)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Comtech Telecommunications Corp. (NASDAQ:CMTL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 22,013 shares of the communications equipment provider’s stock, valued at approximately $88,000.

Several other large investors have also recently bought and sold shares of CMTL. Cubist Systematic Strategies LLC purchased a new position in Comtech Telecommunications in the fourth quarter valued at $27,000. Marshall Wace LLP purchased a new position in Comtech Telecommunications in the fourth quarter valued at $44,000. Cetera Investment Advisers purchased a new position in Comtech Telecommunications in the fourth quarter valued at $60,000. Gamco Investors INC. ET AL purchased a new position in Comtech Telecommunications in the fourth quarter valued at $68,000. Finally, Jump Financial LLC purchased a new position in Comtech Telecommunications in the fourth quarter valued at $91,000.

Comtech Telecommunications Price Performance

NASDAQ:CMTL opened at $1.82 on Friday. The firm has a market capitalization of $53.41 million, a PE ratio of -0.18 and a beta of 1.00. The business’s fifty day moving average price is $1.56 and its 200 day moving average price is $2.41. Comtech Telecommunications Corp. has a 12 month low of $1.19 and a 12 month high of $5.16.

Comtech Telecommunications (NASDAQ:CMTL) last posted its earnings results on Wednesday, March 12th. The communications equipment provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01). The business had revenue of $126.57 million during the quarter, compared to analysts’ expectations of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%. As a group, equities analysts anticipate that Comtech Telecommunications Corp. will post -2.38 EPS for the current year.

Comtech Telecommunications 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.