CalAmp Corp. (CAMP) Plunges 5.04%

CalAmp Corp. (CAMP) Plunges 5.04%

CalAmp Corp. (CAMP) had a rough trading day for Wednesday November 06 as shares tumbled 5.04%, or a loss of $-0.6 per share, to close at $11.30. After opening the day at $11.84, shares of CalAmp Corp. traded as high as $11.86 and as low as $11.28. Volume was 191,178 shares over 2,417 trades, against an average daily volume of n/a shares and a total float of 34.12 million.

As a result of the decline, CalAmp Corp. now has a market cap of $385.56 million. In the last year, shares of CalAmp Corp. have traded between a range of $20.33 and $9.35, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

CalAmp Corp provides wireless communications solutions applications to customers. The company’s products, software, and application services are sold into a broad array of market verticals including transportation, government, construction, and automotive to customers in the United States, Latin America, Western Europe, Asia Pacific, Middle East and Africa. Its business activities are organized into its Telematics Systems and Software & Subscription Services. Telematics Systems segment offers a series of Mobile Resource Management (‘MRM’) telematics products and applications. Software & Subscription Services segment offers cloud-based application enablement and telematics service platforms.

CalAmp Corp. is based out of Irvine, CA and has some 882 employees. Its CEO is Michael J. Burdiek.

CalAmp Corp. is a component of the Russell 2000. 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.

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