Comtech Telecommunications Corp. (NASDAQ:CMTL) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. cut its holdings in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 19.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 104,000 shares of the communications equipment provider’s stock after selling 25,000 shares during the period. Teton Advisors Inc. owned about 0.37% of Comtech Telecommunications worth $877,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CMTL. Oxford Asset Management LLP acquired a new position in Comtech Telecommunications during the 4th quarter valued at about $105,000. SG Americas Securities LLC acquired a new position in Comtech Telecommunications during the 3rd quarter valued at about $125,000. Bailard Inc. acquired a new position in Comtech Telecommunications during the 3rd quarter valued at about $147,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Comtech Telecommunications in the 4th quarter worth approximately $187,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Comtech Telecommunications in the 4th quarter worth approximately $189,000.

Comtech Telecommunications Stock Performance

Shares of NASDAQ:CMTL traded up $0.07 during trading on Thursday, reaching $1.91. The company had a trading volume of 252,993 shares, compared to its average volume of 527,474. The firm’s fifty day moving average is $3.78 and its 200 day moving average is $7.37. The firm has a market capitalization of $54.38 million, a PE ratio of -1.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.57. Comtech Telecommunications Corp. has a twelve month low of $1.53 and a twelve month high of $13.04.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Monday, March 18th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.45). The company had revenue of $134.23 million during the quarter, compared to analyst estimates of $152.85 million. Comtech Telecommunications had a negative return on equity of 0.25% and a negative net margin of 4.02%. Equities analysts predict that Comtech Telecommunications Corp. will post 0.14 earnings per share for the current fiscal year.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.