Shares of PC Tel Inc (NASDAQ:PCTI) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. PC Tel’s rating score has improved by 66.7% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a one year consensus target price of $6.25 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given PC Tel an industry rank of 102 out of 256 based on the ratings given to its competitors.
A number of research firms recently weighed in on PCTI. ValuEngine upgraded shares of PC Tel from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Lake Street Capital upgraded shares of PC Tel from a “hold” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $6.00 in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of PC Tel from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research report on Friday. Finally, B. Riley upgraded shares of PC Tel from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $6.50 in a research report on Friday, August 9th.
PCTI traded up $0.16 on Tuesday, reaching $6.41. 271,938 shares of the company’s stock were exchanged, compared to its average volume of 79,149. The stock has a market cap of $105.38 million, a PE ratio of -27.87 and a beta of 0.04. PC Tel has a twelve month low of $3.88 and a twelve month high of $6.46. The stock’s fifty day moving average price is $4.98 and its 200-day moving average price is $5.02.
PC Tel (NASDAQ:PCTI) last posted its quarterly earnings results on Thursday, August 8th. The Wireless communications provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $23.50 million for the quarter, compared to analyst estimates of $22.40 million. PC Tel had a negative net margin of 12.16% and a negative return on equity of 0.48%. Analysts expect that PC Tel will post 0.16 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a $0.055 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.22 annualized dividend and a yield of 3.43%. PC Tel’s payout ratio is -95.65%.
A number of large investors have recently bought and sold shares of PCTI. BlackRock Inc. boosted its holdings in PC Tel by 3.4% in the 4th quarter. BlackRock Inc. now owns 532,307 shares of the Wireless communications provider’s stock valued at $2,284,000 after purchasing an additional 17,488 shares during the last quarter. Stifel Financial Corp acquired a new position in PC Tel in the 4th quarter valued at about $111,000. Mercer Global Advisors Inc. ADV acquired a new position in PC Tel in the 1st quarter valued at about $145,000. Wedge Capital Management L L P NC boosted its holdings in PC Tel by 30.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 62,965 shares of the Wireless communications provider’s stock valued at $315,000 after purchasing an additional 14,865 shares during the last quarter. Finally, Boston Partners boosted its holdings in PC Tel by 44.1% in the 1st quarter. Boston Partners now owns 193,541 shares of the Wireless communications provider’s stock valued at $970,000 after purchasing an additional 59,241 shares during the last quarter. Institutional investors own 62.13% of the company’s stock.
PC Tel Company Profile
PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company designs and manufactures precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.
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