Insider Buying: PC-Tel Director Acquires 5,000 Shares of Stock (PCTI)
PC-Tel (NASDAQ:PCTI) Director Steven D. Levy acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $7.40 per share, for a total transaction of $37,000.00. Following the purchase, the director now directly owns 39,016 shares in the company, valued at approximately $288,718. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of PC-Tel (NASDAQ:PCTI) traded down 1.25% on Tuesday, hitting $7.09. The stock had a trading volume of 104,690 shares. PC-Tel has a 52 week low of $7.01 and a 52 week high of $10.12. The stock has a 50-day moving average of $8.12 and a 200-day moving average of $8.79. The company has a market cap of $129.7 million and a P/E ratio of 117.70.
PC-Tel (NASDAQ:PCTI) last announced its earnings results on Thursday, April 24th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $23.66 million for the quarter, compared to the consensus estimate of $24.73 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts predict that PC-Tel will post $0.54 earnings per share for the current fiscal year.
PCTEL, Inc (NASDAQ:PCTI) is a provider of propagation and optimization solutions for the wireless industry.
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