Today’s Stock On Watch: What’s Ahead for Communications Systems, Inc. After Making Yearly Low?

Today's Stock On Watch: What's Ahead for Communications Systems, Inc. After Making Yearly Low?

The stock of Communications Systems, Inc. (NASDAQ:JCS) hit a new 52-week low and has $3.68 target or 12.00% below today’s $4.18 share price. The 8 months bearish chart indicates high risk for the $35.69M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $3.68 price target is reached, the company will be worth $4.28M 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 10,292 shares traded hands. Communications Systems, Inc. (NASDAQ:JCS) has declined 42.72% since March 31, 2016 and is downtrending. It has underperformed by 45.24% the S&P500.

According to Zacks Investment Research, “Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the Suttle brand name in the United States and internationally. The company also manufactures a line of high performance fiber-optic connectors, interconnect devices and fiber cable assemblies for the telecommunications, computer and electronics markets. The company has several manufacturing plants in the United States and abroad.”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.73, from 1.5 in 2016Q1. The ratio is negative, as 7 funds sold all Communications Systems, Inc. shares owned while 6 reduced positions. 1 funds bought stakes while 9 increased positions. They now own 3.38 million shares or 10.82% more from 3.05 million shares in 2016Q1.
Brave Asset Management Inc accumulated 0% or 400 shares. Morgan Stanley holds 2,583 shares or 0% of its portfolio. California Public Employees Retirement has invested 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS). Nationwide Fund Advsr holds 2,369 shares or 0% of its portfolio. Blackrock Mgmt Ltd Co holds 0% or 1,353 shares in its portfolio. Moreover, Vanguard Inc has 0% invested in Communications Systems, Inc. (NASDAQ:JCS) for 172,292 shares. Blackrock Institutional Tru Na accumulated 0% or 109,771 shares. Commercial Bank Of New York Mellon last reported 0% of its portfolio in the stock. Royal Bank Of Canada accumulated 0% or 19,810 shares. Geode Capital Mgmt Limited Liability Corp holds 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS) for 27,972 shares. Financial Bank Of America Corporation De reported 1,600 shares or 0% of all its holdings. Moreover, Crawford Invest Counsel Inc has 0.02% invested in Communications Systems, Inc. (NASDAQ:JCS) for 59,637 shares. Blackrock Fund Advisors, a California-based fund reported 22,401 shares. Advisory Incorporated last reported 54,678 shares in the company. Deprince Race & Zollo holds 0.06% or 456,415 shares in its portfolio.

Insider Transactions: Since June 9, 2016, the stock had 3 insider purchases, and 0 insider sales for $33,106 net activity. SAMPSON CURTIS A bought $7,277 worth of Communications Systems, Inc. (NASDAQ:JCS) on Tuesday, June 14.

More notable recent Communications Systems, Inc. (NASDAQ:JCS) news were published by: Fool.com which released: “Why Brocade Communications Systems, Inc. Stock Jumped Today” on November 02, 2016, also Investorplace.com with their article: “Why Brocade Communications Systems, Inc. (BRCD), Davita Inc (DVA) and …” published on October 31, 2016, Profitconfidential.com published: “Brocade Communications Systems, Inc.: BRCD Stock Could Soar” on October 12, 2016. More interesting news about Communications Systems, Inc. (NASDAQ:JCS) were released by: Benzinga.com and their article: “Benzinga’s Volume Movers” published on November 02, 2016 as well as Benzinga.com‘s news article titled: “7 Stocks That Rallied Three Days On Increasing Volume” with publication date: November 02, 2016.

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