Shares last traded at $22.56 marginally over the 50 day moving average of $21.48 and a great deal higher than the 200 day moving average of $19.43. The 50 day moving average went up by +5.01% whereas the 200 day average was up by +16.11%. Trading volume for CalAmp Corp. was 239K in the last trading session. Volume was up 0.03% over the stocks average daily volume.
Short traders are more bearish on shares of the company recently if you watch the increase in short interest. The firm saw a rise in short interest between September 15, 2017 and September 29, 2017 of 11.95%. Short shares grew 234,527 over that timeframe. With short interest at 2,196,442 and short average daily volume at 429,299, days to cover is 5.0 and the short interest percentage is 0.06% as of September 29.
CalAmp Corp. (NASDAQ:CAMP) has been the object of insider selling activity recently. SVP Business Development Garo Sarkis Sarkissian disclosed the sale of 9,833 shares of CAMP stock. The shares were sold on October 5th for a price of $23.89. Sarkissian now owns $4,593,784 of the stock per the Form 4 SEC filing. Michael J. Burdiek, President & CEO reported the sale of 9,000 shares. The shares were purchased at an average price of $23.99. The President & CEO now owns $11,957,432 of the stock according to the SEC filing.
The following firms have recently changed their position in CAMP. As of the end of the quarter State of Alaska, Department of Revenue had bought a total of 60 shares growing its stake by 0.9%. The value of the investment in (CAMP) increased from $141,000 to $162,000 a change of $21,000 since the last quarter. As of quarter end Cutler Group LP had disposed of 5,900 shares trimming its position 93.7%. The value of the investment in CalAmp Corp. went from $7,000 to $9,000 increasing 28.6% for the reporting period.
As of quarter end Louisiana State Employees Retirement System had sold a total of 100 shares trimming its holdings by 0.7%. The value in dollars went from $293,000 to $332,000 a change of 13.3% quarter over quarter. Dubuque Bank & Trust Co bolstered its ownership by buying 294 shares an increase of 2.5% as of 09/30/2017. Dubuque Bank & Trust Co claims 12,218 shares valued at $284,000. The total value of its holdings increased 17.4%.
Equity analyst JP Morgan started covering the stock setting a rating of “Neutral”. On September 29 Canaccord Genuity maintained a stock rating of “Buy” and moved down the price target to $26.00 from $28.00.
On October 4 the stock rating was downgraded from “Neutral” to “Underweight” in a report from JP Morgan.
The P/E ratio is currently 208.89 and the market cap of the company is 803.16M. As of the last earnings report the EPS was $0.11 and is estimated to be $1.17 for the current year with 35,601,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.32 and the next full year EPS is anticipated to be $1.34.
CalAmp Corp. (CalAmp), launched on September 8, 1987, is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company has facilities in various locations, including Carlsbad, California; Torrance, California; Herndon, Virginia; Waseca, Minnesota; Eden Prairie, Minnesota, and Auckland, New Zealand..