Cambium Networks (NASDAQ:CMBM) Trading Down 0.9% – Should You Sell?

Cambium Networks Co. (NASDAQ:CMBM) shares fell 0.9% during trading on Monday . The company traded as low as $0.91 and last traded at $0.97. 139,868 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 553,267 shares. The stock had previously closed at $0.98.

Analyst Ratings Changes

Separately, Northland Securities lowered their price objective on shares of Cambium Networks from $5.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th.

Cambium Networks Price Performance

The company has a market capitalization of $28.24 million, a price-to-earnings ratio of -0.33 and a beta of 1.06. The stock has a 50-day moving average price of $1.00 and a 200-day moving average price of $1.49.

Institutional Investors Weigh In On Cambium Networks

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cambium Networks in the second quarter valued at about $52,000. Cubist Systematic Strategies LLC acquired a new position in Cambium Networks in the 2nd quarter valued at about $187,000. GSA Capital Partners LLP raised its holdings in Cambium Networks by 266.4% in the 3rd quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock valued at $376,000 after acquiring an additional 149,326 shares during the period. RBF Capital LLC lifted its position in Cambium Networks by 28.5% during the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock worth $397,000 after acquiring an additional 48,077 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Cambium Networks by 13.5% during the second quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock worth $851,000 after acquiring an additional 36,270 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.