CalAmp Corp. (CAMP) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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CalAmp Corp. faces significant risk due to non-compliance with Nasdaq’s stringent listing criteria. The company’s inability to maintain the minimum bid price and other Continued Listing Requirements has led to the receipt of a deficiency letter, with a potential for delisting if compliance is not regained. While corrective measures such as a reverse stock split are being considered, there is no assurance of requalification within the prescribed time frames. This scenario could force CalAmp’s shares to trade on less favorable markets like OTCQX or OTCQB, adversely affecting liquidity and share value.
Overall, Wall Street has a Moderate Sell consensus rating on CAMP stock based on 1 Sell and 1 Hold.
To learn more about CalAmp Corp.’s risk factors, click here.
