The stock of Technical Communications Corporation (NASDAQ:TCCO) hit a new 52-week low and has $1.87 target or 14.00% below today’s $2.17 share price. The 7 months bearish chart indicates high risk for the $4.01 million company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $1.87 price target is reached, the company will be worth $561,400 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 43,929 shares traded hands or 9.76% up from the average. Technical Communications Corporation (NASDAQ:TCCO) has declined 21.74% since March 4, 2016 and is downtrending. It has underperformed by 29.78% the S&P500.
Analysts await Technical Communications Corporation (NASDAQ:TCCO) to report earnings on December, 5.
According to Zacks Investment Research, “Technical Communications Corporation designs, manufactures, and supports superior grade secure communications systems that protect highly sensitive information transmitted over a wide range of data, voice and fax networks. TCC’s security solutions protect information privacy on every continent in over hundred countries. Government agencies, militaries, financial institutions, telecommunications carriers and multinational corporations worldwide rely on TCC to protect their communications networks.”
Insitutional Activity: The institutional sentiment is 0.5 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 1 funds sold all Technical Communications Corporation shares owned while 3 reduced positions. only 1 funds bought stakes while 1 increased positions. They now own 55,441 shares or 22.79% less from 71,810 shares in 2016Q1.
Manufacturers Life The reported 146 shares or 0% of all its holdings. Blackrock Institutional Communication Na accumulated 0% or 75 shares. Moreover, Renaissance Techs has 0% invested in Technical Communications Corporation (NASDAQ:TCCO) for 12,200 shares. Royal State Bank Of Canada accumulated 0% or 1,000 shares. Moreover, Wells Fargo & Mn has 0% invested in Technical Communications Corporation (NASDAQ:TCCO) for 400 shares. The New York-based Tower Ltd Liability Corporation (Trc) has invested 0% in Technical Communications Corporation (NASDAQ:TCCO). Dimensional Fund Advsr L P holds 0% or 30,503 shares in its portfolio. California Pub Employees Retirement Sys holds 0% of its portfolio in Technical Communications Corporation (NASDAQ:TCCO) for 10,592 shares. Moreover, Morgan Stanley has 0% invested in Technical Communications Corporation (NASDAQ:TCCO) for 25 shares.
More news for Technical Communications Corporation (NASDAQ:TCCO) were recently published by: Businesswire.com, which released: “Technical Communications Corporation Reports Results for the Three and Nine …” on August 10, 2016. Prnewswire.com‘s article titled: “Networking & Communication Devices Stocks Technical Reports — Finisar, Palo …” and published on October 07, 2016 is yet another important article.
TCCO Company Profile
Technical Communications Corporation (TCC), incorporated on June 27, 1961, is engaged in the design, development, manufacture, distribution, marketing and sale of communications security devices, systems and services. The Companyâ€™s products consist of electronic devices that enable users to transmit information in an encrypted format and permit recipients to reconstitute the information in a deciphered format if the recipient possesses the right decryption key. The Companyâ€™s products can be used to protect confidentiality in communications between radios, telephones, mobile phones, facsimile machines and data network equipment over wires, fiber optic cables, radio waves, and microwave and satellite links. The principal markets for the Companyâ€™s products are foreign and domestic governmental agencies, law enforcement and military agencies, financial institutions, and multinational companies requiring protection of mission-critical information. During the fiscal year ended September 28, 2013 (fiscal 2013), TCC completed the expansion of its optical encryptor product line, which includes variants for military (DSD 72A-SP (STM)), rugged industrial (DSD 72B-SP (RI)) and industrial (DSD 72B-SP (I)) environments operating at speeds of 155 Mb/s and 622 Mb/s. During fiscal 2013, it completed the development and production of the HSE 6000 squad radio headset encryptor for land mobile radio application.
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