PC-Tel Director Buys $37,000 in Stock (PCTI)
PC-Tel (NASDAQ:PCTI) Director Steven D. Levy acquired 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $7.40 per share, for a total transaction of $37,000.00. Following the acquisition, the director now directly owns 39,016 shares of the company’s stock, valued at approximately $288,718. The transaction was disclosed in a filing with the SEC, which is available at this link.
PC-Tel (NASDAQ:PCTI) traded up 0.56% on Wednesday, hitting $7.13. 4,534 shares of the company’s stock traded hands. PC-Tel has a 52 week low of $7.01 and a 52 week high of $10.12. The stock’s 50-day moving average is $8.12 and its 200-day moving average is $8.79. The company has a market cap of $130.4 million and a price-to-earnings ratio of 116.23.
PC-Tel (NASDAQ:PCTI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that PC-Tel will post $0.54 EPS 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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