Separately, Northland Securities set a $5.00 target price on Communications Systems and gave the company a buy rating in a research note on Tuesday, May 14th.
JCS opened at $2.79 on Wednesday. The company has a market cap of $25.53 million, a PE ratio of -3.93 and a beta of 0.96. Communications Systems has a one year low of $2.03 and a one year high of $4.24. The company has a current ratio of 4.22, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Communications Systems by 1.3% during the first quarter. Renaissance Technologies LLC now owns 505,911 shares of the communications equipment provider’s stock valued at $1,341,000 after buying an additional 6,416 shares during the last quarter. Bremer Bank National Association bought a new position in shares of Communications Systems during the first quarter valued at approximately $46,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Communications Systems during the first quarter valued at approximately $38,000. 26.58% of the stock is currently owned by hedge funds and other institutional investors.
Communications Systems Company Profile
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 Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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