StockNews.com Initiates Coverage on PCTEL (NASDAQ:PCTI)

Investment analysts at StockNews.com began coverage on shares of PCTEL (NASDAQ:PCTIGet Rating) in a note issued to investors on Monday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

PCTEL Stock Performance

NASDAQ:PCTI opened at $4.49 on Monday. PCTEL has a 1 year low of $3.90 and a 1 year high of $6.03. The stock has a market cap of $84.30 million, a price-to-earnings ratio of 74.85 and a beta of 0.41. The business has a fifty day moving average of $4.63 and a 200-day moving average of $4.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PCTI. Royce & Associates LP boosted its stake in PCTEL by 4.8% during the first quarter. Royce & Associates LP now owns 1,626,067 shares of the Wireless communications provider’s stock valued at $7,545,000 after buying an additional 74,132 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of PCTEL by 116.3% during the first quarter. First Eagle Investment Management LLC now owns 141,888 shares of the Wireless communications provider’s stock valued at $658,000 after purchasing an additional 76,280 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of PCTEL by 3.7% during the first quarter. Acadian Asset Management LLC now owns 505,915 shares of the Wireless communications provider’s stock valued at $2,345,000 after purchasing an additional 17,916 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of PCTEL by 54.3% during the first quarter. Moors & Cabot Inc. now owns 38,500 shares of the Wireless communications provider’s stock valued at $179,000 after purchasing an additional 13,553 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of PCTEL by 3.9% during the first quarter. State Street Corp now owns 74,607 shares of the Wireless communications provider’s stock valued at $346,000 after purchasing an additional 2,815 shares during the last quarter. Institutional investors own 51.05% of the company’s stock.

About PCTEL

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PCTEL, Inc, together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT.

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