CommScope (NASDAQ:COMM) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.07 and traded as low as $5.06. CommScope shares last traded at $5.08, with a volume of 1,745,968 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Tuesday, December 17th. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.00.

CommScope Stock Performance

The business’s 50 day moving average price is $5.33 and its two-hundred day moving average price is $5.11.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of CommScope during the fourth quarter valued at approximately $27,000. National Bank of Canada FI lifted its position in CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 2,857 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 6,030 shares in the last quarter. Quarry LP grew its position in shares of CommScope by 1,005.4% in the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after buying an additional 7,380 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 4,026 shares in the last quarter. Institutional investors own 88.04% of the company’s stock.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.