PC-Tel Director Carl Thomsen Sells 5,776 Shares (PCTI)
PC-Tel (NASDAQ:PCTI) Director Carl Thomsen unloaded 5,776 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $7.61, for a total value of $43,955.36. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PC-Tel (NASDAQ:PCTI) traded down 2.72% during mid-day trading on Thursday, hitting $7.51. 123,552 shares of the company’s stock traded hands. PC-Tel has a one year low of $6.95 and a one year high of $10.12. The stock has a 50-day moving average of $7.69 and a 200-day moving average of $8.60. The company has a market cap of $137.4 million and a price-to-earnings ratio of 126.56. PC-Tel also was the recipient of a large growth in short interest in May. As of May 30th, there was short interest totalling 724,112 shares, a growth of 44.7% from the May 15th total of 500,474 shares. Based on an average daily volume of 333,728 shares, the short-interest ratio is currently 2.2 days. Approximately 4.1% of the shares of the stock are short sold.
PC-Tel (NASDAQ:PCTI) last released its earnings data on Thursday, April 24th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.06 earnings per share. PC-Tel’s revenue was down 5.7% compared to the same quarter last year. 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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