The stock of CommScope Holding Company Inc (NASDAQ:COMM) last traded at $1.80, up 9.09% from the previous session.
COMM stock price is now 32.20% away from the 50-day moving average and 4.64% away from the 200-day moving average. The market capitalization of the company currently stands at $382.10M.
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, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Lorentzen Kyle David, EVP & CFO bought 11,600 shares of the company’s stock on Mar 27 ’24. The stock was bought for $14,500 at an average price of $1.25. Upon completion of the transaction, the EVP & CFO now directly owns 712,475 shares in the company, valued at $1.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Director KRAUSE L WILLIAM bought 92,127 shares of the business’s stock. A total of $147,154 was incurred on buying the stock at an average price of $1.60. This leaves the insider owning 320,000 shares of the company worth $0.58 million. A total of 4.16% of the company’s stock is owned by insiders.
During the past 12 months, CommScope Holding Company Inc has had a low of $0.86 and a high of $4.81. The fifty day moving average price for COMM is $1.377 and a two-hundred day moving average price translates $1.715905 for the stock.
The latest earnings results from CommScope Holding Company Inc (NASDAQ: COMM) was released for 2024-03-31. The net profit margin was -31.95% and return on equity was -1838.38% for COMM. The company reported revenue of $1.17 billion for the quarter, compared to $1.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.8 percent.