The stock of CalAmp Corp. (NASDAQ:CAMP) hit a new 52-week low and has $10.78 target or 12.00% below today’s $12.25 share price. The 9 months bearish chart indicates high risk for the $428.88M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $10.78 price target is reached, the company will be worth $51.47 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 222,661 shares traded hands. CalAmp Corp. (NASDAQ:CAMP) has declined 30.56% since March 31, 2016 and is downtrending. It has underperformed by 33.09% the S&P500.
CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage
Out of 9 analysts covering CalAmp (NASDAQ:CAMP), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. CalAmp has been the topic of 11 analyst reports since December 7, 2015 according to StockzIntelligence Inc. As per Monday, October 31, the company rating was initiated by Macquarie Research. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Hold” rating given on Monday, October 3 by Aegis Capital. The stock has “Neutral” rating given by Sidoti on Tuesday, March 22. The rating was maintained by Northland Capital on Tuesday, March 22 with “Outperform”. Canaccord Genuity maintained CalAmp Corp. (NASDAQ:CAMP) on Wednesday, December 23 with “Buy” rating. The firm has “Buy” rating by Chardan Capital Markets given on Monday, December 7. The company was maintained on Wednesday, June 29 by Craig Hallum. On Friday, September 30 the stock rating was downgraded by First Analysis to “Equal-Weight”. The stock has “Market Perform” rating given by William Blair on Wednesday, April 20. The firm earned “Overweight” rating on Monday, August 15 by First Analysis.
According to Zacks Investment Research, “CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is the leading supplier of Direct Broadcast Satellite outdoor customer premise equipment to the U.S. satellite television market. The Company also provides wireless data communication solutions for the telemetry and asset tracking markets, private wireless networks, public safety communications and critical infrastructure and process control applications.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.31, from 1.31 in 2016Q1. The ratio worsened, as 23 funds sold all CalAmp Corp. shares owned while 46 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 22.80 million shares or 12.80% less from 26.15 million shares in 2016Q1.
Ubs Asset Management Americas holds 0% or 14,700 shares in its portfolio. Goldman Sachs Group holds 11,138 shares or 0% of its portfolio. The California-based Baker Avenue Asset Mngmt Ltd Partnership has invested 0.05% in CalAmp Corp. (NASDAQ:CAMP). Stephens Invest Grp Incorporated Llc has 685,247 shares for 0.33% of their US portfolio. Ruggie Cap Grp Inc last reported 0% of its portfolio in the stock. Citigroup Inc reported 18,430 shares or 0% of all its holdings. California State Teachers Retirement Systems reported 75,079 shares or 0% of all its holdings. Creative Planning has 0% invested in the company for 4,637 shares. Kbc Gp Nv accumulated 0% or 13,933 shares. Princeton Alpha Mngmt Limited Partnership holds 0.03% or 11,162 shares in its portfolio. Aristotle Boston Lc last reported 175,626 shares in the company. Pinebridge Ltd Partnership accumulated 0% or 4,636 shares. Parametric Portfolio Associates Ltd Liability Com accumulated 428,922 shares or 0.01% of the stock. Barclays Public Limited last reported 0% of its portfolio in the stock. Cim Invest Mangement owns 19,280 shares or 0.12% of their US portfolio.
Insider Transactions: Since May 3, 2016, the stock had 1 insider buy, and 3 insider sales for $457,686 net activity. VITELLE RICHARD K also sold $225,750 worth of CalAmp Corp. (NASDAQ:CAMP) on Monday, August 1. $14,110 worth of shares were bought by GARDNER JEFFERY R on Wednesday, July 6.
More recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Fool.com which released: “Why CalAmp Corp. Stock Plunged 16.5% in April” on May 12, 2016. Also Fool.com published the news titled: “CalAmp Corp. Keeps Moving Forward” on July 19, 2016. Streetinsider.com‘s news article titled: “UPDATE: Macquarie Starts CalAmp Corp. (CAMP) at Neutral” with publication date: October 31, 2016 was also an interesting one.
CAMP Company Profile
CalAmp Corp. (CalAmp), incorporated on September 8, 1987, is a well-known provider of wireless communications solutions for a range of applications to clients globally. The Firm operates through two business divisions: Wireless DataCom and Satellite. The Firm has facilities in various locations, including Carlsbad, California; Torrance, California; Herndon, Virginia; Waseca, Minnesota; Eden Prairie, Minnesota, and Auckland, New Zealand.
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