Comtech Telecommunications (NASDAQ:CMTL) has tumbled 30.99% during the past week and has dropped 39.63% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 30.16%. Comtech Telecommunications (NASDAQ:CMTL) has underperformed the index by 40.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Comtech Telecommunications (NASDAQ:CMTL): The stock opened at $14.00 on Friday but the bulls could not build on the opening and the stock topped out at $14.10 for the day. The stock traded down to $13.75 during the day, due to lack of any buying support eventually closed down at $13.83 with a loss of -14.15% for the day. The stock had closed at $16.11 on the previous day. The total traded volume was 6,467,615 shares.
The company shares have dropped -53.67% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $30.93 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $21.99 and the 200 Day Moving Average price is recorded at $21.23.
On the companys insider trading activities, The director, of Comtech Telecommunications Corp /De/, Kaplan Ira had unloaded 15,000 shares at $31.53 per share in a transaction on April 14, 2015. The total value of transaction was $472,950. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 7.7% of Comtech Telecommunications shares according to the proxy statements. Institutional Investors own 83.78% of Comtech Telecommunications 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.