PCTEL, Inc. (NASDAQ:PCTI – Get Rating)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.54 and traded as high as $4.76. PCTEL shares last traded at $4.75, with a volume of 55,261 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on PCTI. TheStreet raised PCTEL from a “c+” rating to a “b-” rating in a research report on Wednesday, May 3rd. StockNews.com began coverage on PCTEL in a research report on Thursday, May 18th. They set a “strong-buy” rating on the stock.
PCTEL Stock Up 0.7 %
The business has a 50-day moving average price of $4.52 and a 200-day moving average price of $4.54. The company has a market capitalization of $90.63 million, a price-to-earnings ratio of 15.32 and a beta of 0.43.
PCTEL Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Friday, May 5th. PCTEL’s payout ratio is 70.97%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of PCTI. Susquehanna International Group LLP acquired a new position in PCTEL in the 1st quarter worth about $64,000. Renaissance Technologies LLC increased its position in PCTEL by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,276,939 shares of the Wireless communications provider’s stock worth $5,401,000 after purchasing an additional 37,041 shares during the last quarter. Bank of America Corp DE increased its position in PCTEL by 60,315.0% in the 1st quarter. Bank of America Corp DE now owns 12,083 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 12,063 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in PCTEL in the 1st quarter worth about $101,000. Finally, Royce & Associates LP increased its position in PCTEL by 0.6% in the 1st quarter. Royce & Associates LP now owns 1,628,124 shares of the Wireless communications provider’s stock worth $6,887,000 after purchasing an additional 9,333 shares during the last quarter. 51.52% of the stock is owned by institutional investors and hedge funds.
PCTEL, Inc engages in the provision of antennas and wireless network testing solutions. It designs and manufactures precision antennas and provides test and measurement products that improve the performance of wireless networks globally. The firm’s products include combination antennas, WiFi/Bluetooth/BLE, LMR/TETRA/P25, /GNSS/GPS, cellular(5G, LTE, CBRS, 3G, 2G), custom antennas, and Mounts, Cable, and Accessories.
- Get a free copy of the StockNews.com research report on PCTEL (PCTI)
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