Communications Systems, Inc. (NASDAQ:JCS) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $2.78 and last traded at $2.78, with a volume of 4614 shares traded. The stock had previously closed at $2.80.
Separately, ValuEngine upgraded shares of Communications Systems from a “hold” rating to a “buy” rating in a report on Monday, July 2nd.
The firm has a market cap of $25.89 million, a PE ratio of -19.34 and a beta of 0.91.
The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Thursday, September 13th. Communications Systems’s dividend payout ratio (DPR) is -106.67%.
An institutional investor recently raised its position in Communications Systems stock. Renaissance Technologies LLC raised its position in shares of Communications Systems, Inc. (NASDAQ:JCS) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,400 shares of the communications equipment provider’s stock after acquiring an additional 27,135 shares during the period. Renaissance Technologies LLC owned approximately 5.16% of Communications Systems worth $1,800,000 as of its most recent SEC filing. 30.78% of the stock is owned by hedge funds and other institutional investors.
Communications Systems Company Profile (NASDAQ:JCS)
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name.
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