Communications Systems Inc. (NASDAQ:JCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the Suttle brand name in the United States and internationally. The company also manufactures a line of high performance fiber-optic connectors, interconnect devices and fiber cable assemblies for the telecommunications, computer and electronics markets. The company has several manufacturing plants in the United States and abroad. “
Communications Systems (NASDAQ:JCS) opened at 4.6001 on Tuesday. Communications Systems has a 12 month low of $4.51 and a 12 month high of $8.89. The stock has a 50 day moving average of $5.13 and a 200-day moving average of $6.46. The stock’s market cap is $40.76 million.
Communications Systems (NASDAQ:JCS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.12. Communications Systems had a negative net margin of 8.54% and a negative return on equity of 13.26%. On average, equities analysts forecast that Communications Systems will post ($0.97) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.16 dividend on an annualized basis and a yield of 3.48%. Communications Systems’s payout ratio is currently -14.81%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC boosted its position in Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock worth $2,732,000 after buying an additional 152,000 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Communications Systems by 24.0% in the second quarter. Teton Advisors Inc. now owns 378,590 shares of the company’s stock valued at $2,639,000 after buying an additional 73,200 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Communications Systems by 30.6% in the second quarter. Gamco Investors INC. ET AL now owns 587,958 shares of the company’s stock valued at $4,098,000 after buying an additional 137,883 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Communications Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 14,337 shares of the company’s stock valued at $100,000 after buying an additional 38 shares in the last quarter. 38.25% of the stock is currently owned by institutional investors.
Communications Systems Company Profile
Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.
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