Pctel Inc. (NASDAQ:PCTI)‘s stock had its “buy” rating reissued by analysts at B. Riley in a research report issued on Tuesday. They presently have a $7.50 price objective on the stock. B. Riley’s target price would indicate a potential upside of 51.52% from the company’s previous close.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Pctel from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th. Wunderlich lowered their price target on shares of Pctel from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, May 6th.
Shares of Pctel (NASDAQ:PCTI) opened at 4.95 on Tuesday. The stock has a 50 day moving average of $5.12 and a 200-day moving average of $4.87. Pctel has a 12-month low of $4.36 and a 12-month high of $6.21. The company’s market capitalization is $79.42 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/11/pctel-inc-pcti-stock-rating-reaffirmed-by-b-riley.html
Pctel (NASDAQ:PCTI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $24.20 million for the quarter, compared to the consensus estimate of $23.75 million. Pctel had a negative net margin of 14.71% and a negative return on equity of 0.76%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. Equities research analysts forecast that Pctel will post $0.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, August 4th. Pctel’s payout ratio is -22.47%.
A number of institutional investors recently bought and sold shares of PCTI. Renaissance Technologies LLC increased its position in Pctel by 4.5% in the first quarter. Renaissance Technologies LLC now owns 1,153,400 shares of the company’s stock valued at $5,513,000 after buying an additional 49,801 shares during the last quarter. AWM Investment Company Inc. increased its position in Pctel by 33.0% in the fourth quarter. AWM Investment Company Inc. now owns 316,053 shares of the company’s stock valued at $1,438,000 after buying an additional 78,508 shares during the last quarter. Bridgeway Capital Management Inc. increased its position in Pctel by 26.5% in the fourth quarter. Bridgeway Capital Management Inc. now owns 283,000 shares of the company’s stock valued at $1,288,000 after buying an additional 59,200 shares during the last quarter. Geode Capital Management LLC increased its position in Pctel by 4.8% in the first quarter. Geode Capital Management LLC now owns 89,814 shares of the company’s stock valued at $429,000 after buying an additional 4,104 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in Pctel during the first quarter valued at about $227,000. 82.84% of the stock is currently owned by institutional investors and hedge funds.
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
Receive News & Ratings for Pctel Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Pctel Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.