Communications Systems, Inc. (NASDAQ:JCS) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 15,500 shares, an increase of 1,191.7% from the September 30th total of 1,200 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 59,700 shares, the short-interest ratio is presently 0.3 days.
Shares of NASDAQ:JCS opened at $6.87 on Thursday. The company’s fifty day moving average price is $4.97 and its 200-day moving average price is $3.87. The firm has a market capitalization of $64.78 million, a price-to-earnings ratio of 14.54 and a beta of 0.85. Communications Systems has a one year low of $2.03 and a one year high of $7.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.33 and a quick ratio of 3.19.
Communications Systems (NASDAQ:JCS) last issued its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.12. The firm had revenue of $18.22 million for the quarter, compared to analyst estimates of $18.10 million. Communications Systems had a net margin of 5.80% and a return on equity of 10.00%. As a group, equities research analysts expect that Communications Systems will post 0.3 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its holdings in Communications Systems by 3.7% during the third quarter. Gabelli Funds LLC now owns 321,500 shares of the communications equipment provider’s stock worth $1,469,000 after purchasing an additional 11,500 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Communications Systems by 25.3% in the third quarter. Gamco Investors INC. ET AL now owns 663,568 shares of the communications equipment provider’s stock valued at $3,033,000 after acquiring an additional 134,043 shares during the last quarter. Morgan Stanley purchased a new position in Communications Systems in the second quarter valued at about $48,000. Finally, Renaissance Technologies LLC boosted its stake in Communications Systems by 1.5% in the second quarter. Renaissance Technologies LLC now owns 513,711 shares of the communications equipment provider’s stock valued at $1,546,000 after acquiring an additional 7,800 shares during the last quarter. 27.56% of the stock is owned by institutional investors.
A number of analysts recently weighed in on JCS shares. TheStreet raised shares of Communications Systems from a “d+” rating to a “c-” rating in a report on Friday, August 16th. ValuEngine lowered shares of Communications Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Communications Systems from a “hold” rating to a “strong-buy” rating and set a $4.75 target price on the stock in a report on Friday, August 16th.
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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