Communications Systems (JCS) Hits New 12-Month Low at $3.15
Shares of Communications Systems, Inc. (NASDAQ:JCS) hit a new 52-week low on Wednesday . The company traded as low as $3.15 and last traded at $3.15, with a volume of 8493 shares traded. The stock had previously closed at $3.29.
Separately, ValuEngine raised shares of Communications Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.
Communications Systems (NASDAQ:JCS) last released its earnings results on Thursday, August 2nd. The communications equipment provider reported ($0.29) EPS for the quarter. Communications Systems had a negative net margin of 15.04% and a negative return on equity of 22.32%. The business had revenue of $15.04 million for the quarter. analysts forecast that Communications Systems, Inc. will post -0.79 earnings per share for the current year.
An institutional investor recently raised its position in Communications Systems stock. Renaissance Technologies LLC increased its position in shares of Communications Systems, Inc. (NASDAQ:JCS) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,400 shares of the communications equipment provider’s stock after acquiring an additional 27,135 shares during the quarter. Renaissance Technologies LLC owned 5.16% of Communications Systems worth $1,800,000 as of its most recent SEC filing. 30.78% of the stock is owned by institutional investors.
Communications Systems Company Profile (NASDAQ:JCS)
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name.
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