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Wireless Telecom Group Inc. Stock Upgraded (WTT)

NEW YORK (TheStreet) -- Wireless Telecom Group (AMEX:WTT) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • WTT's revenue growth has slightly outpaced the industry average of 2.6%. Since the same quarter one year prior, revenues slightly increased by 8.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • WTT's debt-to-equity ratio is very low at 0.08 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 9.01, which clearly demonstrates the ability to cover short-term cash needs.
  • Powered by its strong earnings growth of 50.00% and other important driving factors, this stock has surged by 35.38% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • 49.50% is the gross profit margin for WIRELESS TELECOM GROUP INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 9.90% is above that of the industry average.
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Wireless Telecom Group, Inc., together with its subsidiaries, engages in the design, manufacture, and supply of noise source products, electronic testing and measurement instruments, and passive components to commercial customers, the United States Government, and prime defense contractors. The company has a P/E ratio of 12.5, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Wireless Telecom Group has a market cap of $30.4 million and is part of the technology sector and telecommunications industry. Shares are up 6.2% year to date as of the close of trading on Thursday.

You can view the full Wireless Telecom Group Ratings Report or get investment ideas from our investment research center.
-- Written by a member of TheStreet RatingsStaff

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