Comtech Telecommunications (CMTL, Financial) experienced a significant stock drop of 5.20%, trading at $3.28 per share with a volume of 98,769 shares. The turnover rate was 0.34% and the price fluctuation was 6.79%. Recent financial reports indicate revenue of $540 million, a net loss of $99.99 million, and earnings per share of -$4.70. The gross profit stood at $136 million with a price-to-earnings ratio of -0.71.
Among the three institutions rating the stock, 33% recommended buying, while 67% suggested holding. The communications sector, where Comtech operates, saw an overall decline of 0.32%. Notably, Amplitech Group, Inc. and Siyata Mobile, Inc. were active, with significant turnover and price fluctuations.
