Comtech Telecommunications is trading 5.1% down at $1.66 as investors continue to react to a weak Q2 earnings report and ongoing balance-sheet concerns.
- The stock remains under pressure following a recent double-digit plunge triggered by a Q2 earnings miss and mixed results in its satellite & space segment.
- Sentiment is further weighed down by high debt levels and the stock trading near 52-week lows, even as broader markets are only modestly lower.