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CalAmp (CAMP) Catches Eye: Stock Jumps 7.5%

Zacks Equity Research
Updated

CalAmp Corp. CAMP was a big mover last session, as the company saw its shares rise nearly 8% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.19 to $23.30 in the past one-month time frame.

The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

CalAmp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

CalAmp Corp. Price

CalAmp Corp. Price | CalAmp Corp. Quote

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Investors interested in the Electronics - Miscellaneous Components industry may consider a better-ranked stock like Novanta Inc. NOVT, which carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CAMP going up? Or down? Predict to see what others think:Up or Down

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