Eye Catching Stock News: CalAmp Corp. (NASDAQ:CAMP)

On Wednesday, CalAmp Corp. (NASDAQ:CAMP) changed 6.81% to recent value of $11.77. The stock transacted 370156 shares during most recent day however it has an average volume of 373.63K shares. It spotted trading -51.70% off 52-week high price. On the other end, the stock has been noted 25.84% away from the low price over the last 52-weeks.

CalAmp (CAMP) reported recently a planned relationship with Sprint, a leader in IoT and telecommunications innovations, to deliver intelligent telematics devices and software applications, together with exclusive CalAmp iOn™ Device as a Service (DaaS) subscription services. The relationship further grows Sprint’s broad range of connected car, fleet and asset management services that drive operational efficiencies and secure high-value assets for enterprise and business consumers.

“CalAmp’s broad telematics device and service portfolio, coupled with Curiosity™ IoT opens up access to multiple vertical market applications leveraging our next generation CAT M network,” stated Ivo Rook, senior vice president, IoT and product development at Sprint. “From food safety through supply chain to high value asset monitoring, our work with CalAmp allows us to deliver the solutions that address the specific business challenges of our enterprise and SMB consumers to drive actionable intelligence that can improve business outcomes.”

CAMP has a gross margin of 40.50% and an operating margin of 4.60% while its profit margin remained 0.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 0.10% for this year while earning per share for the next 5-years is expected to reach at 12.00%.  The company has 33.94M of outstanding shares and 32.29M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.34% from the mean of 20 days, 11.60% from mean of 50 days SMA and performed -4.73% from mean of 200 days price. Company’s performance for the week was 5.09%, 23.63% for month and YTD performance remained -9.53%.

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