Communications Systems (JCS) Given a $5.00 Price Target by Northland Securities Analysts

Communications Systems (NASDAQ:JCS) has been given a $5.00 price target by equities research analysts at Northland Securities in a research note issued on Tuesday, TipRanks reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Northland Securities’ target price suggests a potential upside of 77.30% from the company’s current price.

Shares of JCS stock opened at $2.82 on Tuesday. Communications Systems has a 52 week low of $2.03 and a 52 week high of $4.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.64 and a current ratio of 4.22.

Communications Systems (NASDAQ:JCS) last announced its quarterly earnings data on Monday, May 6th. The communications equipment provider reported $0.03 EPS for the quarter. The company had revenue of $16.72 million during the quarter. Communications Systems had a negative net margin of 7.14% and a negative return on equity of 10.14%.

Several hedge funds have recently made changes to their positions in JCS. Bremer Bank National Association acquired a new stake in shares of Communications Systems during the 1st quarter worth approximately $46,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Communications Systems during the 1st quarter worth approximately $38,000. Finally, Renaissance Technologies LLC grew its position in shares of Communications Systems by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 505,911 shares of the communications equipment provider’s stock worth $1,341,000 after buying an additional 6,416 shares during the period. 26.58% of the stock is owned by institutional investors.

About Communications Systems

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 Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.

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