Blonder Tongue Laboratories Inc. (BDR) shares are trading at higher $1.44.
To add more color to this target, the company’s high over the last year is $3.80 and the low is $0.38. Over the last 52 weeks, BDR is up 108.73% while the S&P 500 is up 14.78%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BDR reported a profit of $1.24 million. Blonder Tongue Laboratories Inc. also saw revenues increase to $3.83 million. In addition, BDR has free cash flow of -$2.16 million as of 06-2020. The company’s EBITDA came in at -$0.82 million which compares well with its peers.
BDR booked profit margins of -46.40%, its Return on Equity (ROE) is -120.40%, and its Return on Assets is -48.20%. All told, it is clear that, BDR needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BDR has a short ratio of 0.01 and outstanding shares of 9.77M.
BDR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.07 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.87. Blonder Tongue Laboratories Inc. BDR also noted assets of $16.63 million at the end of the last quarter. Investors should also keep an eye on sector updates as BDR has historically followed its peers on positive news.
All told, Blonder Tongue Laboratories Inc. BDR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BDR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Blonder Tongue Laboratories Inc. BDR is now commanding a market cap of 14.79M and a float of 3.43M. BDR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BDR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BDR, either long or short, and we have not been compensated for this article.