CalAmp Corp. (NASDAQ:CAMP – Get Rating) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,280,000 shares, a decrease of 7.2% from the December 31st total of 1,380,000 shares. Based on an average trading volume of 256,100 shares, the days-to-cover ratio is currently 5.0 days. Currently, 3.6% of the company's shares are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com raised CalAmp from a "sell" rating to a "hold" rating in a research report on Thursday, December 22nd. The Goldman Sachs Group dropped their price target on CalAmp from $4.30 to $3.70 and set a "sell" rating on the stock in a research report on Friday, October 14th.

Insider Buying and Selling at CalAmp

In other CalAmp news, Director Wes Cummins acquired 25,000 shares of the business's stock in a transaction on Friday, December 23rd. The shares were bought at an average price of $4.17 per share, with a total value of $104,250.00. Following the transaction, the director now directly owns 3,259,059 shares of the company's stock, valued at approximately $13,590,276.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 148,500 shares of company stock valued at $545,890 in the last quarter. 6.60% of the stock is owned by insiders.

Institutional Investors Weigh In On CalAmp

CalAmp Price Performance

Shares of NASDAQ CAMP opened at $4.49 on Tuesday. The company has a debt-to-equity ratio of 12.15, a quick ratio of 1.47 and a current ratio of 1.68. CalAmp has a 1-year low of $2.96 and a 1-year high of $7.62. The business has a fifty day moving average price of $4.14 and a 200 day moving average price of $4.38.

CalAmp (NASDAQ:CAMP – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The Wireless communications provider reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. CalAmp had a negative return on equity of 40.90% and a negative net margin of 11.79%. The firm had revenue of $78.89 million during the quarter, compared to analysts' expectations of $74.65 million. Research analysts anticipate that CalAmp will post -0.39 earnings per share for the current fiscal year.

CalAmp Company Profile

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CalAmp Corp. engages in delivering of wireless access and computer technologies. It provides Internet of Things (IoT) enablement solutions for a broad array of mobile and fixed applications serving multiple vertical markets worldwide. It offers solutions for mobile resource management and applications for the broader IoT market, enabling customers to optimize their operations by collecting, monitoring and efficiently reporting business-critical data and desired intelligence from high-value remote and often mobile assets.

Further Reading

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