The stock of Communications Systems, Inc. (NASDAQ:JCS) is a huge mover today! The stock increased 6.00% or $0.28 on November 29, hitting $4.95. About 53,484 shares traded hands or 210.34% up from the average. Communications Systems, Inc. (NASDAQ:JCS) has declined 30.30% since April 26, 2016 and is downtrending. It has underperformed by 35.56% the S&P500.
The move comes after 8 months positive chart setup for the $43.61 million company. It was reported on Nov, 29 by Barchart.com. We have $5.30 PT which if reached, will make NASDAQ:JCS worth $3.05M more.
Analysts await Communications Systems, Inc. (NASDAQ:JCS) to report earnings on March, 8. They expect $-0.08 earnings per share, up 87.88% or $0.58 from last year’s $-0.66 per share. After $-0.14 actual earnings per share reported by Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.
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 0.75 in Q2 2016. Its down 0.02, from 0.77 in 2016Q1. The ratio turned 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.
Blackrock Institutional Trust Na has invested 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS). Bridgeway accumulated 63,800 shares or 0.01% of the stock. Bankshares Of America De, a North Carolina-based fund reported 1,600 shares. Fincl Bank Of Ny Mellon has 14,337 shares for 0% of their US portfolio. Moreover, Gamco Investors Et Al has 0.03% invested in Communications Systems, Inc. (NASDAQ:JCS) for 587,958 shares. Jacobs Levy Equity Mgmt Inc reported 12,522 shares or 0% of all its holdings. Renaissance Techs Limited last reported 291,600 shares in the company. Geode Mgmt Limited Co, a Massachusetts-based fund reported 27,972 shares. Deprince Race Zollo Inc last reported 0.06% of its portfolio in the stock. Crawford Inv Counsel last reported 59,637 shares in the company. Vanguard Gru holds 172,292 shares or 0% of its portfolio. Teton has 378,590 shares for 0.24% of their US portfolio. Moreover, Brave Asset has 0% invested in Communications Systems, Inc. (NASDAQ:JCS) for 400 shares. Advisory accumulated 0.01% or 54,678 shares. Us Natl Bank De has invested 0% of its portfolio in Communications Systems, Inc. (NASDAQ:JCS).
Insider Transactions: Since June 9, 2016, the stock had 5 insider purchases, and 0 sales for $176,419 net activity. Another trade for 31,950 shares valued at $133,423 was bought by SAMPSON CURTIS A. The insider Blackwood Bruce C bought $9,890.
More 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 published the news titled: “Communications Systems, Inc. Reports Third Quarter 2016 Financial Results” on November 03, 2016. Prnewswire.com‘s news article titled: “Brocade Communications Systems Inc. Acquisition May Not Be in the Best …” with publication date: November 04, 2016 was also an interesting one.
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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