CalAmp (NASDAQ:CAMP) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of CalAmp (NASDAQ:CAMP) in a research report issued on Wednesday. The brokerage set a “sell” rating on the Wireless communications provider’s stock.

CalAmp Trading Down 39.4 %

Shares of CAMP opened at $0.40 on Wednesday. The company’s 50-day moving average price is $2.81 and its 200 day moving average price is $3.76. CalAmp has a 12-month low of $0.39 and a 12-month high of $48.76. The firm has a market cap of $660,000.00, a P/E ratio of -0.01 and a beta of 1.89.

Hedge Funds Weigh In On CalAmp

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in CalAmp during the first quarter worth $73,000. TriaGen Wealth Management LLC raised its holdings in shares of CalAmp by 112.9% in the 4th quarter. TriaGen Wealth Management LLC now owns 222,500 shares of the Wireless communications provider’s stock valued at $56,000 after buying an additional 118,000 shares during the period. Finally, Worth Venture Partners LLC lifted its stake in CalAmp by 38.7% during the 3rd quarter. Worth Venture Partners LLC now owns 712,493 shares of the Wireless communications provider’s stock worth $289,000 after acquiring an additional 198,983 shares in the last quarter.

About CalAmp

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.