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Wednesday, May 25, 2022

Why Did The COMSovereign (COMS) Stock Rise In After-Hour Trades?

COMSovereign Holding Corp. (COMS) shares have gained 4.66% at $0.79 in Wednesday’s after-hours session. COMSovereign (COMS) stock subtracted -12.43% to finish last trading session at $0.75. The stock recorded a trading volume of 1.36 million shares, which is below the average daily trading volume published for the last 50 days of 0.69 million shares.


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The shares of COMSovereign (COMS) have retreated 21.74% in the last five days; however, they have gained 11.00% over the last month. The stock price has shed -12.61% over the last three months and has lost -73.52 percent so far this year. COMS stock came recovering in an extended session after its participation in a significant event.

Where has COMS been participating?

COMSovereign (COMS) has gathered an arrangement of interchanges innovation organizations that improve networks across the whole information transmission range. Through essential acquisitions and natural innovative work endeavors, COMS has turned into a U.S.- based correspondences supplier ready to give 4G LTE Advanced and 5G telecom answers for network administrators and undertakings.

COMSovereign (COMS) has taken part as an exhibitor at the International Wireless Communications Expo (IWCE).

  • IWCE is the major yearly occasion for interchanges innovation experts.
  • The occasion has been occurring at the Las Vegas Convention Center, March 21-24, 2022.
  • IWCE is the head strategic interchanges show in North America, drawing in an assorted gathering of public security, utility, government, military, transportation, and business undertaking experts.
  • IWCE offers a thorough gathering project of expert advancement valuable open doors as well as a hearty Exhibit Hall displaying the most recent items and innovation.
  • At IWCE, COMS is exhibiting its wide scope of trusted and secure remote organization interchanges innovation.
  • Those incorporate COMS’ Fastback astute, unlicensed band microwave radios, DragonWave authorized microwave band radios, and its quick deployable FeatherLite and RAID 4G LTE remote organization interchanges arrangements.
  • Likewise in plain view will be the Company’s rough, fast response HoverMast fastened drone intended for applications including brief business organizations, specialists on call, country security, and protection.

COMS to pay a dividend

COMSovereign (COMS) recently declared a dividend for the month of April 2022 on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”). COMS shareholders of record as of the dividend record date of March 31, 2022, whose shares are entitled to receive the Series A dividend will receive cash distributions in the amount of $0.1927 per share on April 20, 2022.

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