Communications Systems Inc. (JCS) Upgraded at Zacks Investment Research
Communications Systems Inc. (NASDAQ:JCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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. “
Shares of Communications Systems (NASDAQ:JCS) opened at 4.58 on Tuesday. Communications Systems has a 12 month low of $4.51 and a 12 month high of $8.89. The stock’s 50 day moving average is $5.19 and its 200 day moving average is $6.49. The company’s market cap is $40.58 million.
Communications Systems (NASDAQ:JCS) last posted its earnings results on Thursday, August 4th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.12. Communications Systems had a negative return on equity of 13.26% and a negative net margin of 8.54%. On average, analysts anticipate that Communications Systems will post ($0.97) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.16 annualized dividend and a yield of 3.49%. Communications Systems’s dividend payout ratio is presently -14.81%.
A number of large investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock valued at $2,732,000 after buying an additional 152,000 shares in the last quarter. Teton Advisors Inc. increased its stake in 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 increased its stake in 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 increased its stake in 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. Institutional investors and hedge funds own 38.25% of the company’s stock.
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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