The price of CommScope Holding Company Inc (NASDAQ:COMM) shares last traded on Wall Street rose 7.14% to $6.00.
COMM stock price is now 84.38% away from the 50-day moving average and 191.64% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
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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 $4.27 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 $1.92 million. A total of 3.84% 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 $5.88. The fifty day moving average price for COMM is $3.3483 and a two-hundred day moving average price translates $2.07788 for the stock.
The latest earnings results from CommScope Holding Company Inc (NASDAQ: COMM) was released for 2024-06-30. The net profit margin was -32.43% and return on equity was -1838.38% for COMM. The company reported revenue of $1.39 billion for the quarter, compared to $1.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.71 percent.
