Communications Systems, Inc. (Nasdaq:JCS)
December 6th, 2018
Communications Systems, Inc. finished Thursday’s trading session down 5.24%, a $0.12 decrease to close on $2.17. As well as the drop in value, Communications Systems, Inc. hit a new 52 week low of $2.15, breaking the previous low of $2.25 from earlier this month. Be aware that the Piotroski Score1 is calculated to be 2, which is very low as the scale goes from 0-9. This is considered to be a weak score in terms of financial strength.
JCS was outperformed by the rest of the Information Technology sector which went up 0.23%.
The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.
Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.
- Real Estate went up with a 2.66% change.
- Communication Services went up with a 1.04% change.
- Consumer Discretionary went up with a 0.61% change.
- Information Technology went up with a 0.23% change.
- Utilities went down with a -0.10% change.
- Consumer Staples went down with a -0.10% change.
- Healthcare went down with a -0.31% change.
- Industrials went down with a -0.55% change.
- Materials went down with a -1.36% change.
- Financials went down with a -1.44% change.
- Energy went down with a -1.77% change.
Communications Systems, Inc. Info
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 Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name. This segment serves telephone companies, electrical/low-voltage contractors, home builders, cable customers, and original equipment manufacturers (OEMs) directly, as well as through distributors. Its 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. This segment sells its products through distributors, resellers, integrators, and OEMs to the federal government, enterprise, service provider, industrial, security, and surveillance markets. The company’s JDL Technologies segment offers IT managed services; network design, deployment, and integration; cloud, hosted, and virtualization services; and remote support and management services. This segment serves education, healthcare, and commercial markets. Its Net2Edge segment designs, manufactures, and markets carrier Ethernet based network access devices and software under the Liberator brand name. This segment serves government, enterprise, utility, industrial, and surveillance markets, as well as service providers through direct touch sales model, and approved partners and integrators. Communications Systems, Inc. was founded in 1969 and is headquartered in Minnetonka, Minnesota.
All amounts in USD unless otherwise indicated
(1) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Communications Systems, Inc.’s score is 2), and 9 is the best.
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