Comtech Telecommunications (CMTL) Shares Slide -4.74%

Comtech Telecommunications (CMTL) has risen sharply, recording gains of 1.71% in the past 4 weeks. However, the stock has corrected -4.74% in the past 1 week, providing a good buying opportunity on dips. Comtech Telecommunications (CMTL) : During the past 4 weeks, traders have been relatively bearish on Comtech Telecommunications (CMTL), hence the stock is down -1.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.67% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 20.27%. Comtech Telecommunications Corp. has dropped 44.77% during the last 3-month period . Year-to-Date the stock performance stands at -31.49%.


Comtech Telecommunications (NASDAQ:CMTL): On Fridays trading session , Opening price of the stock was $13.74 with an intraday high of $13.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.07. However, the stock managed to close at $13.07, a loss of 4.60% for the day. On the previous day, the stock had closed at $13.7. The total traded volume of the day was 1,374,531 shares.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications. Its RF microwave amplifiers segment designs, develops, manufactures and markets traveling wave tube amplifiers and solid-state power amplifiers, including high-power, narrow and broadband radio frequency (RF) microwave amplifier products. Its mobile data communications segments products and services relate to its support of the United States Armys Blue Force Tracking (BFT-1) program. It sells its products to customer base in the global commercial and government communications markets, including the backhaul of wireless and cellular traffic, and defense applications.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.