Comtech Telecommunications Corp. (CMTL) Drops 9.54% on June 09

Equities Staff  |

Comtech Telecommunications Corp. (CMTL) was one of the Russell 2000's biggest losers for Thursday June 09 as the stock slid 9.54% to $20.30, a loss of $-2.14 per share. Starting at an opening price of $22.74 a share, the stock traded between $19.77 and $22.74 over the course of the trading day. Volume was 354,070 shares over 3,234 trades, against an average daily volume of 82,299 shares and a total float of 16.16 million.

The losses send Comtech Telecommunications Corp. down to a market cap of $328.09 million. In the last year, Comtech Telecommunications Corp. has traded between $31.12 and $17.27, and its 50-day SMA is currently $22.97 and 200-day SMA is $21.95.

The stock has a P/E Ratio of 25.5.

Comtech Telecommunications Corp is engaged in designing, developing, producing and marketing products, systems and services for communications solutions.

Comtech Telecommunications Corp. is based out of Melville, NY and has some 978 employees. Its CEO is Stanton D. Sloane.

For a complete fundamental analysis analysis of Comtech Telecommunications Corp., check out’s Stock Valuation Analysis report for CMTL. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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