CalAmp (CAMP) develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. This stock is trading down 1.49% at $4.62 in recent trading after hitting a 52-week high of $4.80 earlier in the day.
Today's Range: $4.55-$4.8052-Week Range: $2.60-$4.80 Volume: 74,800 Three-Month Average Volume: 103,070 CalAmp has a market cap of $123.10 million and an enterprise value of $129.53 million. The stock trades at a trailing price-to-earnings of 57.50. It also trades at a price-to-sales of 0.99 and a price-to-book of 6.16. The current short interest as a percentage of the float for CalAmp is extremely low at 0.7%. From a technical standpoint, CAMP trigged a breakout trade yesterday after the stock cleared some past overhead resistance at $4.73 on decent volume. That said, the stock is struggling to stay above that level today. Market players should now prepare for a pullback in the short-term if CAMP can't close above $4.73 and $4.80 on high-volume. That pullback would remain a buying opportunity if the stock manages to stay above its 50-day moving average of $3.91.
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