CalAmp (NASDAQ:CAMP) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of CalAmp (NASDAQ:CAMP) in a research report issued on Wednesday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

CalAmp Stock Performance

The company has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $3.71. CalAmp has a one year low of $0.39 and a one year high of $48.76. The stock has a market cap of $660,000.00, a P/E ratio of -0.01 and a beta of 1.89.

Institutional Investors Weigh In On CalAmp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in CalAmp during the 1st quarter worth $73,000. TriaGen Wealth Management LLC increased its stake in CalAmp by 112.9% during the 4th quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock worth $56,000 after buying an additional 118,000 shares during the period. Finally, Worth Venture Partners LLC increased its stake in CalAmp by 38.7% during the 3rd quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock worth $289,000 after buying an additional 198,983 shares during the period.

About CalAmp

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.