CalAmp (CAMP) : Traders are bullish on CalAmp (CAMP) as it has outperformed the S&P 500 by a wide margin of 7.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.19%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.24% in the last 1 week, and is up 8.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.47% and the 50-Day Moving Average is 6.42%. CalAmp (NASDAQ:CAMP): stock turned positive on Friday. Though the stock opened at $15.39, the bulls momentum made the stock top out at $15.62 level for the day. The stock recorded a low of $15.2 and closed the trading day at $15.51, in the green by 0.58%. The total traded volume for the day was 526,343. The stock had closed at $15.42 in the previous days trading.
The company Insiders own 5% of CalAmp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.95% . Institutional Investors own 71.29% of CalAmp shares. During last six month period, the net percent change held by insiders has seen a change of 2.08%. Also, In a research note released to the investors, Sidoti & Co. upgrades its rating on CalAmp (NASDAQ:CAMP).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 9, 2016.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company has two business segments: Wireless DataCom and Satellite. The Companys Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Companys MRM and M2M solutions collect, monitor and report data and intelligence from remote and mobile assets. It delivers products, software services and solutions for energy, government, transportation and automotive vertical markets. The Companys Satellite segment develops, manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices providing the delivery of digital and high definition satellite television services.