Stock of The Day: Could Communications Systems, Inc. Crash Even More? The Stock Just Made 52 Week Low

Stock of The Day: Could Communications Systems, Inc. Crash Even More? The Stock Just Made 52 Week Low

The stock of Communications Systems, Inc. (NASDAQ:JCS) hit a new 52-week low and has $3.26 target or 14.00% below today’s $3.79 share price. The 6 months bearish chart indicates high risk for the $33.59 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $3.26 price target is reached, the company will be worth $4.70 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. The stock decreased 7.33% or $0.3 on November 7, hitting $3.79. About 33,883 shares traded hands or 259.81% up from the average. Communications Systems, Inc. (NASDAQ:JCS) has declined 43.82% since April 5, 2016 and is downtrending. It has underperformed by 45.77% 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 worsened, 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.
Moreover, Ameriprise has 0% invested in Communications Systems, Inc. (NASDAQ:JCS) for 10,500 shares. Advisory Rech, a Illinois-based fund reported 54,678 shares. Gabelli Funds Limited Com owns 392,000 shares or 0.02% of their US portfolio. Morgan Stanley has 0% invested in the company for 2,583 shares. Gamco Invsts Et Al accumulated 0.03% or 587,958 shares. Renaissance Tech Ltd Liability Corp has invested 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS). Geode Mgmt Ltd Liability accumulated 27,972 shares or 0% of the stock. Brandywine Investment Mngmt Limited Liability Corporation accumulated 0% or 4,700 shares. Blackrock Fund Advisors accumulated 0% or 22,401 shares. Deprince Race & Zollo holds 456,415 shares or 0.06% of its portfolio. The North Carolina-based Commercial Bank Of America Corporation De has invested 0% in Communications Systems, Inc. (NASDAQ:JCS). Vanguard Group Inc reported 172,292 shares or 0% of all its holdings. Tower Research Cap Ltd Llc (Trc) owns 1,611 shares or 0% of their US portfolio. Us National Bank De has 0% invested in the company for 500 shares. Teton last reported 0.24% of its portfolio in the stock.

Insider Transactions: Since June 9, 2016, the stock had 3 insider purchases, and 0 insider sales for $33,106 net activity. SAMPSON CURTIS A also bought $3,733 worth of Communications Systems, Inc. (NASDAQ:JCS) on Friday, June 10.

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 Businesswire.com with their article: “Communications Systems, Inc. Reports Third Quarter 2016 Financial Results” published on November 03, 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: Investorplace.com and their article: “Why Brocade Communications Systems, Inc. (BRCD), Davita Inc (DVA) and …” published on October 31, 2016 as well as Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of Brocade Communications Systems, Inc.” with publication date: November 02, 2016.

JCS Company Profile

Communications Systems, Inc. (CSI), incorporated on December 22, 1969, operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Firm operates through three divisions: Suttle, Transition Networks and JDL Technologies (JDL). The Firm provides physical connectivity infrastructure services and products for global deployments of broadband networks. The Firm is principally engaged through its subsidiary and business unit, Suttle, Inc., in the manufacture and sale of connectivity infrastructure products for broadband and voice communications, and through its another subsidiary and business unit, Transition Networks, Inc., in the manufacture and sale of core media conversion products for broadband networks.

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